Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Property unavailable

This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings.

Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us.

If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com

If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email.

3 Copthall Avenue, London: City , EC2R 7BH

not specified / Offices

Withdrawn - Last updated: 05 October 2020

- Core City of London location, situated approximately 120 metres north of the Bank of England.- Long leasehold interest expiring September 2130 from the Clothworkers Company at an annual rent equating to 10% of income received, subject to a minimum.The current head rent is 38,248.32 per annum.- 17,285 sq ft (1,605.8 sq m) of well specified office and ancillary accommodation arranged over lower ground and five upper floors.- The property provides flexible floorplates and benefits from excellent natural daylight along the main elevations.- Fully let to five tenants with an average weighted unexpired lease term of 3.9 years certain, as at January 2012.- The passing rent of 486,412.50 per annum reflects a low rent of 30.56 per sq ft on above ground accommodation providing an excellent opportunity to benefit from future rental growth.- The property produces a net rental income of 448,164.18 per annum, after deduction of the head rent.- The property provides excellent prospects to enhance value through active asset management and well-timed lease events. - Seeking offers in excess of 6,750,000 (Six Million Seven Hundred & Fifty Thousand Pounds), subject to contract and exclusive ofVAT. Net initial yield of 6.28% and a low capital value of 391 per sq ft.

Location

3 Copthall Avenue, London: City , EC2R 7BH, Greater London, London


Email me updates about similar new properties


Show similar properties

Contact agents

Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.