Price — £89m

Mediacom, 124 Theobald’s Road, WC1
WC1 Freehold

  • Untitled design (12)

Prime Midtown Investment Opportunity Providing Numerous Redevelopment Initiatives

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Prime Midtown Investment Opportunity Providing Numerous Redevelopment Initiatives

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DESCRIPTION

A highly prominent and imposing HQ office building benefitting from excellent natural light and numerous large roof terraces.

Specifications

Let to MediaCom Holdings Ltd (90.5% of the total income) and Vodafone (9.5% of the total income) on co-terminus leases expiring in September 2022.

 

Highly reversionary total income of £3,297,137 per annum reflecting just £40.65 per sq ft overall.

DEVELOPMENT OPPORTUNITIES

Buckley Gray Yeoman designed scheme for a comprehensive redevelopment to provide a landmark building totalling c. 211,260 sq ft NIA (STPP).

 

Scheme would provide a 260% uplift on NIA

LOCATION

Ideally positioned between Tottenham Court Road and Farringdon Crossrail stations in close proximity to Holborn Underground Station.

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