Martin Jepson, regional development director at Taylor Woodrow Property Company, says, "This final letting makes way for the sale of the investment and the scheme will shortly be going to the market."
Strutt & Parker will be marketing the 16,500 sf five-story office development, which is close to the Stock Exchange tower, Tower 42 and the Bank of England. With a £12.5 million price tag, the investment will show an initial yield of 6.67%.
26 Throgmorton St. is held on a 150-year lease from 1998 with ground rents geared to 5% of rents. The five office floors are let individually, producing £773,650 per annum or £47.30 per sf. The ground floor A3 unit is let to Whitbread on a lease expiring in 2024 at a passing rent of £145,000 per annum.
Healey and Baker and Strutt & Parker were letting agents and Montagu Evans acted for Lighthouse.
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