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12 - 18 Theobalds Road, Midtown, WC1X 8SL

17,010 Sq Ft / Offices

Withdrawn - Last updated: 13 June 2023

Summary

The property provides a row of Grade II listed townhouses arranged around a central courtyard, providing 17,010 sq ft (1,580.3 sq m) of recently renovated office and ancillary accommodation which is full of original features.

Key Points

  • Freehold
  • Landmark row of Georgian Terrace Grade II listed buildings arranged around a central courtyard
  • 17,010 sq ft of best in class, Grade A office accommodation comprehensively refurbished and remodelled in 2020
  • Prominently located at the meeting point of the Midtown, Bloomsbury, King’s Cross and Farringdon office sub-markets
  • Diverse occupier appeal with excellent local amenities and a short walk from four key Underground, Mainline and Crossrail Stations
  • Long term income let to John Street Business Centre Limited, trading as The Boutique Workplace Company with a WAULT of 14.9 years until July 2037 to lease expiry and 9.9 years to a mutual break.
  • The passing rent, inclusive of a vendor top up in line with the fixed rental uplift level as of 19 July 2025, equates to £989,127 per annum reflecting £58.15 per sq ft overall.
  • The annual rent is to be reviewed on the fifth and tenth anniversaries of the term commencement date. The review is upwards only and is to be to the greater of the open market rent and the RPI reviewed rent, subject to a cap and collar 5% and 2.5%.
  • Location

    12-18 Theobalds Road occupies a highly prominent position on the northern side of Theobalds Road, in a diverse and historic central London district.

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