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11 Strand, London WC2, Covent Garden, WC2N
not specified / Offices
Withdrawn - Last updated: 05 October 2020
• Freehold• Prime location on Strand, a key Covent Garden office and retail location with views over Trafalgar Square• Situated adjacent to Charing Cross station, providing excellent transport links• Comprehensively refurbished in 2011 to provide 41,735 sq ft of high quality Grade A office and reception accommodation over 1st to 7th floors• Three ground and lower ground floor retail units providing 6,845 sq ft of retail accommodation• Fully let to two office and three retail tenants (income split: 86% office / 14% retail)• Tenants include: Punter Southall, MBDA, Next, Paul and Crussh• Current passing rent of £2,959,490 per annum, reflecting an average office rent of £60.41 per sq ft• Well timed office rent reviews in 2016 are forecast to capture reversionary rents and strong rental growth• Average weighted unexpired term of 7.7 years until lease breaks or 8.3 years until lease expiries• The property is situated within the City of Westminster and is not listed.
Location
11 Strand, London WC2, WC2N, London: West End
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