29 Clement's Ln
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29 Clement's Ln
53,653 SF 4-Star Office Building London EC4N 7AE £30,000,000 (£559/SF) 7.55% Net Initial Yield
Investment Highlights
- A rare repositioning opportunity in the heart of the City of London
Executive Summary
A rare repositioning opportunity in the heart of the City of London offering optionality to provide either:
- A new hotel providing between 96-274 rooms, based on design and configuration, via two additional floors
- A best in class office building
Located within 150m of the Bank of England, 29 Clements Lane comprises 60,368 sq. ft. (78,015 sq. ft. GIA) of office, leisure and ancillary accommodation.
Multi let to two tenants at a passing rent of £2.3 million per annum. Vacant possession is achievable within 12 months, providing an opportunity to undertake a significant repositioning.
We are seeking offers in excess of £30 million, reflecting an attractive net initial yield of 7.55% and capital value of £385 psf (GIA) / £497 psf (NIA).
- A new hotel providing between 96-274 rooms, based on design and configuration, via two additional floors
- A best in class office building
Located within 150m of the Bank of England, 29 Clements Lane comprises 60,368 sq. ft. (78,015 sq. ft. GIA) of office, leisure and ancillary accommodation.
Multi let to two tenants at a passing rent of £2.3 million per annum. Vacant possession is achievable within 12 months, providing an opportunity to undertake a significant repositioning.
We are seeking offers in excess of £30 million, reflecting an attractive net initial yield of 7.55% and capital value of £385 psf (GIA) / £497 psf (NIA).
Property Facts Sale Pending
Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Building Size
53,653 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1979/2010
Price
£30,000,000
Price Per SF
£559
Net Initial Yield
7.55%
NOI
£2,265,000
Tenancy
Single
Number of Floors
7
Typical Floor Size
7,546 SF
Building FAR
0.48
Lot Size
2.55 AC
Amenities
- Conferencing Facility
- Raised Floor
- EPC - D
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
1,506 to 10,380 sq ft (139.91 to 964.33 sq m) of office space available at 29 Clements Lane.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,506-10,380 SF | Office | Shell Space | 30 Days |
2nd Floor
| Size |
| 1,506-10,380 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| 30 Days |
2nd Floor
| Size | 1,506-10,380 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | 30 Days |
1,506 to 10,380 sq ft (139.91 to 964.33 sq m) of office space available at 29 Clements Lane.
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