Boundary House, 7-17 Jewry Street

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Boundary House, 7-17 Jewry Street - Sold

London, EC3N 2HP

Tenure: For Sale

Quoting Terms: Offers in the order of £30,850,000, subject to contract and exclusive of VAT

*  Freehold Located at the crossover between the increasingly vibrant Aldgate district popular with TMT occupiers and the established City of London Financial and Insurance heartland 

*  45,062 sq ft of offices over ground and 7 upper floors as well as 7 basement car parking spaces          

*  Multi-let to include 12 office tenants, producing a total passing rent of £1,319,326 per annum  

*  Very low average rent of approximately £28.24 per sq ft for the ground and upper floor office space  (this compares to the ground floor west unit which is now under offer £50.00 per sq ft)   

*  The assumed ERV of £2,230,000 per annum based on £50 per sq ft on best is 69% higher than the total current rent passing  

*  All occupational leases are outside of the Act  

*  Well timed lease events to enable rents to be driven forward in the short to medium term with weighted average terms of just over 3.1 years to breaks

*  Considerable active management and repositioning opportunities in the short to medium term  

*  Medium to longer term redevelopment (c. 75,500 sq ft)/alternative use potential, subject to planning  

*  Offers in the order of £30,850,000, subject to contract and exclusive of VAT  

*  The above price reflects a net initial yield of 4.00% (assuming a purchaser’s costs at 6.77%) and a net capital value £685 per sq ft  

*  Assuming rents market rents of £50 per sq ft on the best accommodation the reversionary yield would be in excess of 6.75%


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Location & Transport


2 mins walk

Tower Hill

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Tower Gateway

3 mins walk

Aldgate East

5 mins walk


8 mins walk

Liverpool Street

8 mins walk