90 Long Acre, Covent Garden, Covent Garden, WC2 9JT

Prime freehold investment with exceptional long term redevelopment potential.Opportunity to acquire the most significant office building in Covent Garden, the heart of London’s West End.1.21 acre island site, with a low site density of only 60% and a 65m frontage onto Long Acre.The property provides a total of 193,986 sq ft net internal area, including 182,979 sq ft of Grade A offices, 11,007 sq ft of storage and 31 car parking spaces.The upper floors provide highly divisible floorplates of up to 27,000 sq ft.The property benefits from 12 private roof terraces, providing 17,308 sq ft.Fully let to 16 office tenants, including Eurohypo, Regus, Virgin Media, Cheviot Capital and Scottish Equitable, on full repairing and insuring leases.Highly reversionary income – Total rent passing of £XXX per annum, reflecting an average of £XXX per sq ft.Weighted average unexpired lease term of 3 years; or 2.6 years to break optionsSignificant capital allowances available to the purchaser.Numerous short term opportunities to add value include exploring lease renewals, capturing the income reversion and managing lease expiries to create a 2019 block expiry date.The property provides a total of 282,402 sq ft gross internal area.Longer term redevelopment potential to add in excess of 113,000 sq ft creating a landmark mixed use development benefiting from residential, retail, office and leisure uses, subject to planning.The capital value reflects £XXX per sq ft on the net internal area and £XXX per sq ft on the gross internal area.Full interactive marketing particulars are available at:www.90longacrewc2.com/brochure.htm

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