A purpose built retail and office building, constructed in the 1980's and substantially refurbished in 2007, situated on the north side of Strand midway between its junctions with Bedford Street and Southampton Street.
The property is let to 5 tenants at a pssing rent of £729,178 pa; 33% from the retail and 67% from the offices. 35% of the income is secured to the covenant of Abbey National Plc (D&B 5A1). The leases vary from 2 to 7 years and the property has a weighted average unexpired lease term of 4.4 years to expiries.
The property was acquired as part of the Covent Garden Portfolio.
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