Property photos
Leasehold
Non quoting
Retail premises for sale
89-91 Gresham Street, London EC2V14,499 sq. ft
Local area information
Property location
Nearby amenities
- Monument 0.2 miles
- Bank 0.2 miles
- St Paul's Cathedral School 0.3 miles
- City of London School for Girls 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Bushy Mead, Artesian Village and Hampstead Village to find out more about the local area.
Features and description
- Leasehold
Key Points
Core City of London location Unrivalled transport links Grade II Listed building Comprehensively refurbished Gross passing rent c.£710,000 pa Long leasehold
Description
89-91 Gresham Street is a prime and highly prominent building comprising 14,499 sq ft (1,347 sq m) of office, bar/restaurant and ancillary accommodation over lower ground, ground and 5 upper floors.
The bar/restaurant is let until April 2036 (13.5 years term certain) to New World Trading Company (UK) Ltd (t/a The Trading House) at a current passing rent of £155,000 per annum reflecting only £33.00psf overall.
Multilet to three office tenants on leases with breaks and expiries between 2027 and 2034 off a low overall passing rent of only c. £59.60 psf overall. All office floors have undergone a high quality refurbishment since 2018 with the 2nd floor having recently been refurbished to cat B spec, the rent achieved on the second floor is £69.50psf highlighting the reversionary rents on the remainder of the office floors.
The total gross passing rent is approximately £710,000 per annum.
Offers are invited for the long leasehold interest, subject to contract and exclusive of VAT.
Location
89-91 Gresham Street is located in the core of the City of London and occupies a prominent position on the north side of Gresham Street within close proximity to both the Bank of England (75m) and St Paul’s Cathedral (450m). Other major City of London landmarks including Guildhall (120m), Mansion House (200m), The Ned (200m) and Bloomberg Place (200m) are all within short walking distance.
Description
89-91 Gresham Street is a prime and highly prominent building comprising 14,499 sq ft (1,347 sq m) of office, bar/restaurant and ancillary accommodation over lower ground, ground and 5 upper floors.
The bar/restaurant is let until April 2036 (13.5 years term certain) to New World Trading Company (UK) Ltd (t/a The Trading House) at a current passing rent of £155,000 per annum reflecting only £33.00psf overall.
Multilet to three office tenants on leases with breaks and expiries between 2027 and 2034 off a low overall passing rent of only c. £59.60 psf overall. All office floors have undergone a high quality refurbishment since 2018 with the 2nd floor having recently been refurbished to cat B spec, the rent achieved on the second floor is £69.50psf highlighting the reversionary rents on the remainder of the office floors.
The total gross passing rent is approximately £710,000 per annum.
Offers are invited for the long leasehold interest, subject to contract and exclusive of VAT.
Location
89-91 Gresham Street is located in the core of the City of London and occupies a prominent position on the north side of Gresham Street within close proximity to both the Bank of England (75m) and St Paul’s Cathedral (450m). Other major City of London landmarks including Guildhall (120m), Mansion House (200m), The Ned (200m) and Bloomberg Place (200m) are all within short walking distance.
More information
Listed by
Avison Young - London Markets
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