Garden House, 11-13 & 19 Throgmorton Avenue & 21 A, Spitalfields, EC2N 2JJ

• Prime City core location within 150m of the Bank of England.• Strategically positioned with strong existing transport links, set to be further enhanced by the delivery of Crossrail nearby in 2018.• High profile local occupiers and new developments will strengthen this prime location further.• High specification office building providing approximately 43,382 sq ft of office and ancillary accommodation over basement, lower ground, ground and six upper floors.• Held long leasehold expiring 18 December 2123, with a low headrent gearing of 2.85% of rents received, subject to a minimum of £XXX per annum.• Single let on a Full Repairing & Insuring basis to the DB UK Bank Limited until 11 March 2018 with a reversionary lease expiring 11 March 2023 providing in excess of 6.5 years term certain.• Gross rent of £XXX per annum, reflecting a low passing rent of £XXX per sq ft overall.• Net rent of £XXX per annum after deduction of the current headrent totalling £XXX per annum.• Upward only rent review in March 2021.• Potential to increase the building’s net internal area upon vacant possession through refurbishment and extension.• Ability to produce attractive geared cash-on-cash returns.

Location