95 Aldwych, London WC2

A freehold, refurbished Grade A Midtown Office and Retail Investment.

• The property is prominently located within the heart of Midtown on the north eastern side of Aldwych, close to its junction with Hougton Street and Strand, in a strategic central position equidistant between the West End and The City of London, close to Covent Garden and the Royal Courts of Justice.
• 30,394 sq ft (2,824 sq m) of retail accommodation arranged over lower ground and ground, with office accommodation arranged over part lower ground and eight upper floors.
• Freehold.
• The majority of the offices have been comprehensively refurbished to a Grade A specification that includes raised floors, metal tiled suspended ceilings, LG7 lighting, air-conditioning, 2 new passenger lifts and reception.
• The ground floor retail unit is let to the Post Office Counters Limited and the offices are let on six leases to tenants that include Holmen Paper Limited, Peachey & Co LLP, Nim Soft Limited and Randstad CPE Limited.
• Total current income of £1,039,734 per annum, which equates to an overall office rent of £35.47 per sq ft overall.
• The Vendors are seeking offers in excess of £15,120,000, subject to contract, reflecting a net initial yield of 6.50%, a reversionary yield of 6.71% (August 2014 by way of stepped increases) and a Capital Value of £497 per sq ft overall, after allowing for acquisition costs of 5.80%.