52 Cornhill | London EC3V 3PD
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52 Cornhill
London EC3V 3PD
Office Property For Sale
Investment Highlights
- The property occupies a prominent position on the south side of Cornhill, one of the City of London’s major arterial thoroughfares
- Excellent local amenities
- 52 Cornhill benefits from exceptional transport connectivity close to London Bridge and Cannon Street Stations, Monument & Bank Underground Stations
Executive Summary
Comprising a multi-let mixed use building currently let to five office tenants and a gymnasium.
Offers are invited in excess of £7,500,000 for the Long Leasehold interest subject to contract, reflecting a net initial yield of 7.80% (assuming
6.66% purchaser’s costs) and a low capital value of £476 per sq ft.
Offers are invited in excess of £7,500,000 for the Long Leasehold interest subject to contract, reflecting a net initial yield of 7.80% (assuming
6.66% purchaser’s costs) and a low capital value of £476 per sq ft.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
15,746 SF
Building Class
B
Year Built/Renovated
1936/2000
Price
$9,357,455
Price Per SF
$594
Cap Rate
7.80%
NOI
$729,881
Percent Leased
78%
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
1,750 SF
Building FAR
1.57
Lot Size
0.23 AC
Amenities
- Fitness Center
- Raised Floor
- Security System
- Signage
- Accent Lighting
- Energy Performance Rating - D
- Storage Space
- Direct Elevator Exposure
- Natural Light
- Plug & Play
- Drop Ceiling
- Air Conditioning
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