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120 Holborn
London, EC1

Successful repositioning

  • 340,000 sq ft island site.
  • 94 units on which 93 were transacted.
  • 210,000 sq ft of lettings transacted.
  • 141,000 sq ft of refurbishment at a cost of £ 12.6M.
  • Successful refinancing and subsequent sale.

120 Holborn Offices

  • 49,000 sq ft of office renewals.
  • 101,000 sq ft of office Cat A refurbishment.
  • 101,000 sq ft of new office lettings at average rent of £ 60psf.
  • Planning obtained for and construction undertaken of new entrances; basement showers & cycles; as well as 1st floor communal courtyard.

Hatton Garden Centre Offices

  • 50,000 sq ft, majority with diamond related planning use.
  • 50+ units ranging from 200 sq ft to 3,600 sq ft.
  • Lettings; renewals; rent reviews and re-gears transacted on 49 of the units.

Basement Leisure

  • 40,000 sq ft originally land locked storage for 120 Holborn Offices.
  • VP obtained of retail unit to create entrance.
  • Planning obtained for change of use.
  • Careful strip out of entire basement (sitting under 193 residential flats).
  • 25 year lease to Gymbox at £900k pax +

Retail/A2/A3

  • 3 A2 units
  • 2 A3 units
  • 23 A1 units
  • New lettings; lease renewals and rent reviews carried out across all 28 units.
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Gallery
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Contact

IKS
48 Charles Street
London W1J 5EN

+44 (0)7793 451 477
richard@iksadvisers.co.uk

+44 (0)7714 560 346
jonathan@iksadvisers.co.uk