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30 Minories Brochure Teaser.Indd

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30 Minories Brochure Teaser.Indd THE MINORIES COLLECTION THE MINORIES COLLECTION 30 MINORIES & WRITERS HOUSE Investment summary • Freehold 0.68 acre site in the heart • Weighted average unexpired lease of Aldgate, London’s thriving creative term of 4.91 years (3.52 years to district breaks) • 98,998 sq ft of office, retail and • All office leases are outside of the ancillary accommodation across two 1954 Act buildings • Immediate opportunities to add • 30 Minories comprises a mixed value and improve the running yield use building of 90,119 sq ft via asset management and (8,372.5 sq m) arranged over re-positioning basement, ground and twelve upper floors • Potential medium term block date in 2026 - providing the opportunity to • Writers House is an attractive refurbish, add additional massing self-contained office building or redevelop the site comprising 8,879 sq ft (824.9 sq m) of newly refurbished • A recent feasibility study by ORMS warehouse-style accommodation, suggests that the site could support arranged over lower ground, a new build scheme of circa 220,000 ground and three upper floors sq ft NIA (subject to planning) • Multi-let to a range of sectors at • Offers are sought in excess of£66.5 a current passing rent of million, subject to contract, reflecting £3,878,903 per annum reflecting a net initial yield of 5.73% and a low a below market rent of only £39.18 capital value of £672 per sq ft per sq ft overall (inclusive of vendor (assuming purchaser’s costs of rent guarantees) 1.80%) A REVERSIONARY ASSET MANAGEMENT OPPORTUNITY IN THE HEART OF ALDGATE TOWER OF TOWER HILL TOWER FENCHURCH LONDON STATION GATEWAY DLR STREET STATION 10 TRINITY 20 FENCHURCH SQUARE STREET LIVERPOOL 30 ST MARY AXE ALDGATE STATION STREET STATION THE LEADENHALL ALDGATE DEVONSHIRE BUILDING PUBLIC REALM SQUARE THE MINORIES COLLECTION: A LARGE MIXED-USE FREEHOLD SITE OF 0.68 ACRES, COMPRISING TWO SEPARATE BUILDINGS AND A LARGE OPEN CAR PARK 30 MINORIES WRITERS HOUSE A mixed use block of A standalone, newly c.90,000 sq ft refurbished office building of c.9,000 sq ft FURTHER INFORMATION If you would like the opportunity to inspect the property, or if you require any further information, then please contact: Sean Howes David Hookey Thomas Miller +44 (0)20 3296 2022 +44 (0)20 3296 2112 +44 (0)20 3296 4598 [email protected] [email protected] [email protected] Important Notice Cushman & Wakefield gives notice to anyone who may read these particulars as follows: 1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. 4 The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. 5. Any areas, measurements or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been ob- tained and these matters must be verified by any intending purchaser. 7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact. Subject to Contract. Designed and produced by TLGD.co.uk. May 2019..
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