Strand Commercial Office, London
Strand is ideally located in the Eastern end of the Strand Circle within the Borough of Westminster, neighbouring the Royal Court of Justice and London School of Economics and in close proximity to financial institutions on Strand, Fleet Street, Fetter Lane with the likes of Cotts, Goldman Sachs and amenities such as Somerset House, Savoy Hotel, Covent Garden, Lincoln’s Inn Field just to name a few.
Since the purchase, the property has been actively managed with planning approval in place for additional GFA for future expansion. The building is currently fully leased to an international law firm.
Property type: Single Let Grade A Commercial Building
Address Strand, Westminster, London, United Kingdom
Property acquired: 2018
Property status: Holding
GFA Approx. 75,883 sq. ft.
· Opportune timing on purchase after Brexit
· Bought with single let FRI lease to prestigious international law firm with appropriate remaining lease life
· Obtained approval from the City of Westminster to in-fill the courtyard within 9 months after purchase
· New planning approval will create ~7,000sq. ft. of additional lettable area (~20% increase in value)