The premises are vacant throughout and comprise a self-contained mid terrace office building set over 6 floors including ground and lower ground floors. Entrance directly off Leadenhall street.
We understand from our client that the building could allow an additional 3 floors subject to the usual consent. Interested parties should seek professional advice in this regard.
Location
50 Leadenhall is located in the heart of the City of London, the global hub for the insurance, financial and professional services sectors, which is ever diversifying as the location increasingly attracts technology, media and telecommunications companies. There are many nearby stations including Bank, Aldgate, Monument and Fenchurch Street.
Accommodation
Lower Ground Floor - 1,071 sq ft (99.6 sq m)
Ground Floor - 477 sq ft (44.3 sq m)
First Floor - 565 sq ft (52.5 sq m)
Second Floor - 573 sq ft (53.3 sq m)
Third Floor - 552 sq ft (51.3 sq m)
Fourth Floor - 554 sq ft (51.5 sq m)
Total - 3,792 sq ft (352.5 sq m)
All areas are quoted on an approximate Net Internal basis.
Terms
Guide Price - Offers are sought for the freehold interest subject to vacant possession in the region of £5,000,000. VAT maybe applicable to the sale price.
Anti-Money Laundering Regulations 2017 - Due to Government legislation we are legally obliged to undertake Anti-Money Laundering checks on prospective purchasers on transactions which involve a capital value of 15,000 euros or more. We are also required to request proof of funds. Further Information available on request.
EPC - Energy Performance rating: D (77). See attached Certificate.
Business Rates - The building is currently assessed on a floor by floor basis. The following is the estimated amounts payable for the year to the 31st March 2020. These figures are approximate and take account of transitory relief. However any interested party should seek confirmation as to the amounts from the local rating authority.
Lower Ground Floor - £13,000 Rateable Value - £5,672 Rates Payable
Ground Floor - £7,600 Rateable Value - £3,050 Rates Payable
First Floor - £23,500 Rateable Value - £9,488 Rates Payable
Second Floor - £23,750 Rateable Value - £9,005 Rates Payable
Third Floor - £20,000 Rateable Value - £8,614 Rates Payable
Fourth Floor - £20,000 Rateable Value - £8,776 Rates Payable
Legal Costs - Each party is to bear their own legal costs incurred in this matter.
Specification
- Open plan floor plates
- Heating
- Plaster ceiling
- Lift
- Wc on each floor
- Raised floors