A long head leasehold (250 years) reversionary investment secured upon part of the ground floor and basement portions of this landmark building
Currently arranged as community and ancillary accommodation
Single sub-lease expiring 2027 (but subject to any rights to renew under the Landlord and Tenant Act 1954)
Reversion to open market rental value on expiry of sub lease in 2027
Arranged in five parts, the majority sub-under-leased to charities in occupation
Total approximate gross internal floor area (GIA) 598 sq m (6,427 sq ft)
Potential upon reversion for conversion to residential apartments (subject to possession and requisite consents) or to receive occupational income from existing accommodation
We are informed by the vendor that the total current rents payable by all sub-under-lessees to the under-lessee are in excess of £136,000 per annum (see schedule)