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The Glasshouse 26-28 Glasshouse Yard

55,000 SF 91% Leased 4-Star Office Building London EC1A 4JU £34,900,000 (£635/SF) 8.25% Net Initial Yield

Investment Highlights

  • Two office buildings, 20-25 and 26–28 Glasshouse Yard (GHY)
  • 26- 28 Glasshouse yard comprises of a former telephone exchange that was comprehensively redeveloped in 2011
  • Prime Central London location 100 metres from Barbican Station and 250 metres from Farringdon Station (East) entrance
  • The building was comprehensively refurbished in 2018 inclusive of new M&E and windows

Executive Summary

26- 28 Glasshouse yard comprises of a former telephone exchange that was comprehensively redeveloped in 2011 to provide 47,611 sq ft of well specified Grade A offices. The modern spacious office is accessed from Glasshouse Yard through an impressive double height glazed reception.
26-28 Glasshouse Yard is arranged over lower ground, ground and 1st to 6th floors. The upper floors are bright, spacious and have fantastic views of the historic grade 1 listed Charterhouse. In addition to this, the 3rd – 6th floors benefit from external terraces.
20-25 GHY comprises of 6,759 sq ft of office accommodation arranged over lower ground, ground and three upper floors.
The building was comprehensively refurbished in 2018 inclusive of new M&E and windows. In Dec 2022 all floors were fully fitted and furnished to Cat A+ specification to provide office suites with excellent floor-to-ceiling heights, high quality furnishings, and exposed services.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
55,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
2001/2011
Price
£34,900,000
Price Per SF
£635
Net Initial Yield
8.25%
NOI
£2,879,250
Percent Leased
91%
Tenancy
Multiple
Number of Floors
9
Typical Floor Size
7,249 SF
Building FAR
1.64
Land Acres
0.77 AC

Amenities

  • 24 Hour Access
  • Raised Floor
  • Security System
  • Common Parts WC Facilities
  • Natural Light
  • Open-Plan
  • Recessed Lighting
  • Shower Facilities
  • Air Conditioning
  • Fiber Optic Internet

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Lower Level
  • 1,396 SF
  • Office
  • Partial Build-Out
  • Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

  • Ground
  • 1,250 SF
  • Office
  • Partial Build-Out
  • Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

  • 2nd Floor
  • 1,541 SF
  • Office
  • Partial Build-Out
  • Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

  • 3rd Floor
  • 1,030 SF
  • Office
  • Partial Build-Out
  • Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

Space Size Space Use Condition Available
Lower Level 1,396 SF Office Partial Build-Out Now
Ground 1,250 SF Office Partial Build-Out Now
2nd Floor 1,541 SF Office Partial Build-Out Now
3rd Floor 1,030 SF Office Partial Build-Out Now

Lower Level

Size
1,396 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

Ground

Size
1,250 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Floor

Size
1,541 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Floor

Size
1,030 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

Lower Level

Size 1,396 SF
Space Use Office
Condition Partial Build-Out
Available Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

Ground

Size 1,250 SF
Space Use Office
Condition Partial Build-Out
Available Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

2nd Floor

Size 1,541 SF
Space Use Office
Condition Partial Build-Out
Available Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

3rd Floor

Size 1,030 SF
Space Use Office
Condition Partial Build-Out
Available Now

The building has undergone a thorough renovation where each floor has been fully fitted to deliver a seamless Plug & Play offering, complemented by stylish interiors throughout.The space has been designed to provide a comfortable, productive and collaborative working environment, which is conducive to business growth and success.

  • Listing ID: 33150178

  • Date on Market: 12/09/2024

  • Last Updated:

  • Address: 26-28 Glasshouse Yard, London EC1A 4JU

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