Sold

20 - 24 Carlton House Terrace, London, SW1

London - M25

dba296

Office
£85,000,000

Tenure: Long Leasehold
Tenancy: Single Let

Investment summary

•90,720 sq ft Grade A offices on a 0.63 acre site in Prime St James's location.

•Anglo American Plc’s global headquarters; offices let in entirety for a further 9.5 years’ term certain to the 5A1 covenant of Anglo American Services (UK) Ltd, guaranteed by the 5A1 covenant of Anglo American Plc.

•Striking landmark building with 8 office floors, redeveloped by P&O Estates in 1998.

•Typical floorplates of 11,000 sq ft to 14,000 sq ft, with Grade A specification and modern finishes.

•Annual passing rent on the offices of £4,675,000, circa £51.53 per sq ft, rising to £4,910,000 on 25 March 2011.

•Site also includes a self-contained residential block with 14 apartments let on leases expiring 2070 and a 302 space car park let to the City of Westminster until 2073 at a rent of 50% of net income.

•125 year headlease from The Crown Estate (111 years unexpired), at 10% of gross rents received, subject to a minimum of £240,000 per annum.

•Gross passing rent £4,829,170, net passing rent £4,346,253 for the year ending 25 March 2011.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.