New Docklands disposal brought to market
9th June 2014
Gryphon Property Partners have been instructed on the disposal of 7 floors within 3 Harbour Exchange, E14 comprising 55,268 sq ft jointly with Knight Frank.
The landlord, Clearbell Capital, purchased the building along with 4 and 5 Harbour Exchange comprising 190,000 sq ft in January 2014 in the region of £37million. They are embarking upon a refurbishment of the buildings and office floors, along with the surrounding landscape and common areas. The buildings together are currently 80% occupied, tenants include British American Tobacco and HSBC.
The impressive glass clad building of 3 Harbour Exchange is situated a short distance from South Quay DLR station, providing access into Canary Wharf via DLR in just a few minutes. You can also get access to London Bridge in 20 minutes and into the City of London within 20 minutes. The introduction of Crossrail due for completion in 2017 and continued redevelopment of the Docklands area will drive tenant interest to Harbour Exchange.
The efficient floor plates are created by an off-set central core and minimal structural columns. The floors are typically in the region of 8,430 sq ft on the upper floors. The 3rd floor is split into smaller units providing 1,070 sq ft in its smallest unit. From the upper floors there are spectacular unobstructed views of the O2 arena at Greenwich Peninsular together with views of a number of the iconic Canary Wharf towers.
The floor plates provide the new tenants with VAV air-conditioning, standby generation, fully raised floor and suspended ceilings, providing a floor to ceiling height of 2.7m. There are also cycle and shower facilities along with a generous supply of car parking spaces. The on-site management team also provide 24 hour access with security.
The quoting rent is £28.50 per sq ft plus VAT subject to contract, with the rates and service charge set at £10.70 per sq ft and £9.44 per sq ft respectively. A new lease is available by arrangement with the landlord.
For additional information please see the building details on our website by clicking here or to speak to our letting agents please call 0203 440 9800 or email:
Jeremy Trice (Jeremy.Trice@gryphonpropertypartners.com)
Colin Hargreaves (Colin.Hargreaves@gryphonpropertypartners.com)