A little more about the property

• Highly distinctive landmark building occupying a substantial corner site of 0.39 acres (0.16 hectares) at the southern side of Hanover Square.
• Excellent transport links which have been enhanced by the opening of Crossrail (Elizabeth line) with direct access to Bond Street station from Hanover Square.
• 62,777 sq ft (5,832.3 sq m) of existing accommodation, over lower ground, ground and seven upper floors.
• Well configured floorplates of up to 7,509 sq ft with excellent natural light throughout.
• Conde Nast Publications Limited may require a short-term leaseback across the office accommodation for a maximum term of two months.
• The retail unit fronting Hanover Square is currently let to ITSU Limited at a contracted rent of £90,000 per annum, expiring on 24 March 2025. ITSU Limited entered into CVA on 31 July 2020 and the rent was reduced to £75,000 per annum.
• Held long leasehold from The Church Commissioners for England, expiring on 24 March 2108 (approximately 84.5 years unexpired) with a current headrent of £395,750 per annum.
• Opportunity to deliver the Orms designed scheme for a refurbishment and extension of the existing building with a total proposed area of 88,074 sq ft (25,297 sq ft NIA uplift) and 6 floors with external private terracing