NewsFlash - NEW INSTRUCTION, OFF MARKET SALE - July 10 2013.
This exclusive Landmark City Office building, overlooking the river Thames at Blackfriars, inside the “City” of London.
This extremely sought after “Trophy” London property which houses the Global Unilever offices is a Grade II office building in the Neoclassical Art Deco style, located on New Bridge Street, Victoria Embankment in Blackfriars, London, UK.
The building has a tall, curving frontage which overlooks Blackfriars Bridge on the north bank of the River Thames was built in 1931 and extensively refurbished in 2007.
It has a NIA of circa 255,000 sq ft and a GIA of over 3000,000 sq ft.
It is offered in excellent condition, and with the benefit of a lease to Unilever, guaranteed by Unilever PLC, until 2027 (14 years remaining), at a current rent of £11.3 million and fixed annual uplifts of 2.5%.
The property is held in a SPV. There is the possibility of buying the SPV; - however, DD will need to be done regarding the ownership SWAP of the SPV.
Purchase Price: £245 - £255 million. Nego.
Comm and Fees not included.