London N1

Single Let Office Investment with extension potential

In April 2019 Joiner Cummings acted on the sale of 12-27 Swan Yard on behalf of Aviva.

• Prime City Fringe office building totalling 10,428 sq ft.
• Excellent location, 2 minutes walk from Highbury & Islington Station.
• Strong local amenity with plentiful shops, restaurants, pubs, bars and leisure on Upper Street.
• Well specified Headquarters building constructed in 2002 providing modern, air conditioned office accommodation arranged over lower ground, ground and two upper floors.
• Let to Wowcher Limited with a guarantee from DMG Media Ltd (5 A1) with a weighted income of 6.14 years to expiry and 1.14 years to (Landlord or Tenant) break.
• Current passing rent of £367,587 per annum exclusive, equating to £35.25 per sq ft overall. 
• Recent feasibility has identified the potential to enhance/vary the previous mixed use planning consent, to extend the building by up to a further £5,430 sq ft.