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Exchequer Court, St Mary Axe, Spitalfields, EC3A 8AG

not specified / Offices

Withdrawn - Last updated: 18 November 2024

• Prime City of London location situated within the ‘Tower Cluster’ opposite 30 St Mary Axe.• Completed in 1995 and extensively refurbished in 2007 to provide 151,758 sq ft (14,098.7 sq m) of Grade A office, retail and ancillary accommodation over basement, lower ground, ground and six upper floors. • Flexible office floor plates of between 16,124 sq ft (1,498.0 sq m) to 19,356 sq ft (1,798.2 sq m) with excellent levels of natural light.• Multi-let to 10 tenants (5 office tenants and 5 retailers) including Travelers Management, Environmental Resources Management, Argo Underwriting Agency, PineBridge Investments Europe, Bangkok Bank and TK Maxx.• Gross passing rent of £6,294,187 per annum reflecting  c.£45.35 per sq ft on the office accommodation and a low Zone A rent on the retail accommodation (the income is split broadly 80:20 between the office and retail tenants).• Weighted Average Unexpired Lease Term of approximately 7.20 years.• Held by way of a long lease from the Trustees of The Leathersellers’ Company for a term expiring 25 March 2088, with an option to extend until 20 March 2147, effectively providing an unexpired term of c.135 years. • The head rent is broadly geared to 13.12% of rents received subject to a minimum ground rent of £602,500 per annum. The current head rent is £678,535.16 per annum. • Net rent passing of £5,615,651.84 per annum.• Offers are sought, subject to contract and exclusive of VAT, for the long leasehold interest.

Location

Exchequer Court, St Mary Axe, London: City , EC3A 8AG, Greater London, London


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