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Octagon Point 5 Cheapside
4,406 SF of Assignment Available in London EC2V 6AA
Assignment Highlights
- Located in a very prominent position in the heart of the City
- Located very close to St Paul’s tube station and close to Bank Station
- Heavy daytime foot traffic
all available space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
This unique shaped ground floor and basement retail unit has 7 storeys of offices above. The store is currently let and trading as Co-op convenience store and benefits from full height glazing to the front elevation. The property is available by sublease or assignment on terms to be agreed. The property is held on a 15 year lease from 10 June 2014, subject to 5 yearly rent reviews to the higher of RPI (2% - 4%) or open market rent. The current rent is £458,826.76 per annum.
- Use Class: E
- Fully Built-Out as Standard Retail Space
- Kitchen
- Demised WC facilities
- Available by sublease or assignment on term
- Prime retail space
- Assignment space available from current tenant
- Highly Desirable End Cap Space
- Energy Performance Rating - D
- Professional Lease
- Full height glazing to front elevation
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| Ground | 4,406 SF | Jun 2029 | $131.82 /SF/YR $10.98 /SF/MO $1,419 /m²/YR $118.24 /m²/MO $48,399 /MO $580,786 /YR | Retail | Full Build-Out | Now |
Ground
| Size |
| 4,406 SF |
| Term |
| Jun 2029 |
| Rental Rate |
| $131.82 /SF/YR $10.98 /SF/MO $1,419 /m²/YR $118.24 /m²/MO $48,399 /MO $580,786 /YR |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ground
| Size | 4,406 SF |
| Term | Jun 2029 |
| Rental Rate | $131.82 /SF/YR |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
This unique shaped ground floor and basement retail unit has 7 storeys of offices above. The store is currently let and trading as Co-op convenience store and benefits from full height glazing to the front elevation. The property is available by sublease or assignment on terms to be agreed. The property is held on a 15 year lease from 10 June 2014, subject to 5 yearly rent reviews to the higher of RPI (2% - 4%) or open market rent. The current rent is £458,826.76 per annum.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Kitchen
- Energy Performance Rating - D
- Demised WC facilities
- Professional Lease
- Available by sublease or assignment on term
- Full height glazing to front elevation
- Prime retail space
Property Overview
The subject property is located in a very prominent position in the heart of the City. It occupies a unique island site on Cheapside close St Paul’s Cathedral. This busy area of London is home to insurance and financial institutions including the Bank of England. Nearby occupiers include Caffe Nero, Zara, Pret a Manger, Blank Street Coffee and Itsu. It’s at the junction with One New Change and Cheapside, the established shopping street of the City. Located very close to St Paul’s tube station and close to Bank Station providing links to Waterloo & City, Central and Northern Line underground stations are close by as well as City Thameslink train station.
- 24 Hour Access
- Conferencing Facility
- Raised Floor
- Roof Terrace
- Bicycle Storage
- Common Parts WC Facilities
- Demised WC facilities
- Direct Elevator Exposure
- Shower Facilities
- Drop Ceiling
- Air Conditioning
PROPERTY FACTS
| Property Type | Office | Rentable Building Area | 48,141 SF |
| Building Class | B | Year Built/Renovated | 1967/2015 |
| Property Type | Office |
| Building Class | B |
| Rentable Building Area | 48,141 SF |
| Year Built/Renovated | 1967/2015 |
-
Richard Curry -
Rapleys LLP
Learn More About Leasing Retail Properties
Presented by
Octagon Point | 5 Cheapside
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