4-5 Castle Ct | London EC3V 9DL
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4-5 Castle Ct
London EC3V 9DL
Office Property For Sale
Investment Highlights
- Five-person passenger lift serving all floors
- Perimeter radiators and trunking
- Solid timber flooring and ceilings
Executive Summary
The third and fourth floor office accommodation and ground floor retail unit are presently vacant, comprising 1,906 sq. ft (177 sq. m). The restaurant unit is let to Restaurant EC3 Ltd trading as Simpsons Tavern, on a 15 year term from the 25th December 2017 expiring the 24th
December 2032 at a present rent of £95,000 per annum subject to upwards only rent reviews on the 25th December 2022 and 2027. The rent is reviewed to the increase in the Retail Prices
Index, collared and capped at 1% and 3% per annum respectively. The lease is within the security of tenure provisions of Part II of the Landlord & Tenant Act 1954. The second floor is let to Blythe Weigh Communications Limited on a lease expiring 27th February 2024 at a rent of £35,000 per annum (£41.03 psf). The lease is contract out of the security of tenure provisions of the Landlord & tenant Act 1954.
The total rent receivable is therefore £130,000 per annum exclusive.
December 2032 at a present rent of £95,000 per annum subject to upwards only rent reviews on the 25th December 2022 and 2027. The rent is reviewed to the increase in the Retail Prices
Index, collared and capped at 1% and 3% per annum respectively. The lease is within the security of tenure provisions of Part II of the Landlord & Tenant Act 1954. The second floor is let to Blythe Weigh Communications Limited on a lease expiring 27th February 2024 at a rent of £35,000 per annum (£41.03 psf). The lease is contract out of the security of tenure provisions of the Landlord & tenant Act 1954.
The total rent receivable is therefore £130,000 per annum exclusive.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
7,337 SF
Building Class
B
Year Built
1950
Price
$6,899,978 CAD
Price Per SF
$940 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
1,223 SF
Building FAR
2.11
Lot Size
0.08 AC
Amenities
- 24 Hour Access
- Conferencing Facility
- Raised Floor
- Security System
- Accent Lighting
- Air Conditioning
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