4 & 5 Harbour Exchange

4 & 5 Harbour Exchange - Sold

London, E14

Tenure: For Sale

  • An excellent opportunity to acquire two prominent buildings, occupying an island site, on the vibrant Harbour Exchange Estate.
  • Harbour Exchange is adjacent to South Quay DLR station and within a five minute walk of the Canary Wharf Estate which includes London Underground services and the new Crossrail Station.
  • HX 4 & 5 provide a total of approximately 94,916 sq ft (8,818.0 sq m) of Grade A office and ancillary accommodation arranged across two interlinked buildings offering flexible floor plates with high levels of natural light.
  • HX 4 has been comprehensively refurbished, including new external landscape, a new reception, enhanced common areas and renovation of the office floors.
  • HX 5 provides a unique opportunity to reposition the property through a rolling refurbishment programme.
  • The properties provide a diverse mix of tenants with a weighted average unexpired lease term of 4.6 years to expiries and 2.3 years to breaks on the let space.
  • The current passing rent is £2,695,154 per annum. This reflects a highly reversionary average rent of £28.40 per sq ft overall compared to £37.50 achieved on the Harbour Exchange Estate.
  • With competitive rents and low business rates Harbour Exchange provides tenants with a highly attractive occupational option within an established central London office location. 
  • Offers invited for the Special Purpose Vehicles, holding the long leasehold interests, in excess of £36,500,000, subject to contract. A purchase at this level reflects a net initial yield of 7.25% (assuming purchaser’s costs of 1.8%) and a low capital value of £385 per sq ft.

VAT

Elected

Lease

Flexible by arrangement

Arrange a Viewing

Viewing Information

Viewing strictly by prior appointment with the agent:

Make an Enquiry

Please tick here if you do not wish to receive our newsletter.
I have read and agree to your T&C's

Location & Transport

South Quay

3 mins walk

Crossharbour

6 mins walk

Canary Wharf

7 mins walk

Heron Quays

8 mins walk