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5-10 Great Tower Street, London, EC3R 5DJ
55,817 Sq Ft / Offices
Withdrawn - Last updated: 28 February 2024
Cushman & Wakefield is delighted to present an exceptional freehold refurbishment/redevelopment opportunity. The key details of the opportunity are outlined below:
Location
- Freehold.
- Highly prominent corner position within the City of London and in close proximity to the city’s tower cluster.
- Excellent transport connectivity being within easy walking distance of eight London stations, providing access to the London Underground, London Overground, DLR, National Rail services and the Elizabeth Line.
- The property comprises 55,817 sq ft net internal area (87,209 sq ft gross internal area) of office and ancillary accommodation, arranged over two basements, ground and eight upper floors.
- Typical upper office floorplates of circa 6,300 sq ft.
- Highly efficient office configuration, allowing the property to benefit from excellent levels of natural light.
- The property is offered for sale with vacant possession.
- Significant opportunity to reposition the property through either a comprehensive refurbishment or a full redevelopment to provide high-quality modern offices or potential alternative, subject to the necessary planning consents.
Terms
Offers are invited in excess of £15 million, subject to contract, for the freehold interest. A purchase at this level reflects a highly attractive capital value of £269 per sq ft.
The transaction will be undertaken on the basis of an asset sale, with full SDLT applicable.
For further information please contact one of the agents below.
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