Description

Freehold opportunity close to the Tower of London.

Five minutes’ walk from four tube / train stations.

Positive pre-app for change of use to hotel (alternative uses also exist).

Significant massing potential.

Hotel, student, serviced apartment and co-living are the dominant land uses locally, together with high profile office developments to the north.

Situated adjacent to a 21 storey PBSA development. Prolific development activity is transforming the location.

25,417 sq ft NIA of office, retail and ancillary floorspace currently.

The City of London offers a favourable planning environment. Hospitality and living uses are acutely under supplied given historic planning policy.

Producing £358,598 per annum exclusive.

Vacant possession Q4 2027 (70% current vacancy).

Unconditional offers are invited for the freehold interest, subject to contract.

Proposal

Offers are invited, subject to contract, for the freehold interest.