Sugar House, 75 Hooper Street, Aldgate, London, E1

Great opportunity to acquire a virtual freehold interest in Aldgate.

• Single let to Urban Fitness London Property Ltd with long unexpired term of up to 12.3 years.

• Passing rent of £142,704 per annum equating to only £18 per sq ft.

• Very favourable rent review structure being the higher of OMV or RPI, with a review in July 2025, providing a guaranteed reversion.

• Planning permission granted for a wide range of uses within use class E.

• Virtual Freehold for a term of 999 years from 16/07/2015 at a peppercorn rent.

Guiding £1,950,000 (One Million Nine Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, for the benefit of the virtual freehold interest in the property. This price reflects a net initial yield of 6.89% after purchasers’ costs and a reversionary yield of 8.33% in 2025.