Nexus 25 Farringdon Street, South Bank, EC4A 4AB

HIGHLY REVERSIONARY CITY OF LONDON FREEHOLD
Nexus is a highly reversionary City of London investment opportunity within 400 metres of the new Crossrail interchange at Farringdon.
Located opposite Goldman Sachs proposed new office development in an established location which is experiencing transformational change.
Comprehensively redeveloped in 2009 by Tishman Speyer.
159,838 sq ft (14,850 sq m) of Grade A office, retail and ancillary accommodation with spectacular City of London views.
Fully let to 10 high quality tenants including Baker Tilly, Kroll and Johnson Matthey.
All leases are drawn on effective full repairing and insuring terms.
Sharia compliant characteristics.
Weighted average unexpired lease term of 10.25 years to breaks and 11.75 years to lease expiries.
Circa 40% of the rental income is secured for a further 16.75 years without breaks.
Contracted net rent of 6,658,577(1) per annum exclusive equating to just 36.60 per sq ft overall in respect of offi ce accommodation arranged at first to fifth floors inclusive (41.66 per sq ft for the building overall).
Prime headline rents in the area are experiencing substantial growth and have exceeded 60 per sq ft during the current cycle.
Numerous opportunities exist to enhance rental and capital value.
Unclaimed capital allowances of circa 20 million may be available by separate negotiation.
Nexus is managed by Tishman Speyer who may be willing to continue this service.---------------------------------------------------------------------------------------------------------------------------------(1) Rent reserved assuming top ups are provided to the contractual level of rent as at 29/07/2016.

Location