76-78 Red Lion Street, London | Property for sale | Savills
Price on application
Offers are invited for the freehold interest. Subject to contract and exclusive of VAT.

76-78 Red Lion StreetLondon

  • Joint Sole Agent
  • Freehold
Office
Grade AGrade A

Key features

  • Passing rent of £536,000 per annum, reflecting £57.32 per sq ft
  • Subject to contract and exclusive of VAT
  • Subject to a fixed uplift at the next review in November 2028 to £600,000 pa
  • All electric building
  • The transaction will be treated as a Transfer of Going Concern.

Providing 9,351 sq ft of educational accommodation arranged over basement, lower ground, ground and four upper floors

About this property

  • Originally constructed in 1985 and subsequently comprehensively refurbished in 2016, Sceptre House comprises a self-contained mid terrace building totalling 9,351 sq ft of office accommodation arranged over basement, lower ground, ground and four upper floors. The property benefits from dual B1 (office) and D1 (non-residential institution) planning use and is used for D1 use by the current tenant, Elizabeth School of London.

Freehold educational opportunity with single let long dated income.

Paul BassiProperty agent

Local information

  • Located within the heart of Midtown, one of London’s most diverse business destinations. The building is located on the doorstop of London’s cultural realm and minutes from iconic landmarks such as the British Museum and Covent Garden Holborn is synonymous with London’s legal sector, with firms such as Bird Bird, Mischon de Reya and Hogan Lovells all based in the surrounding area Major tech occupiers including TikTok, Google, Verizon and Amazon have also taken space within the vicinity

Additional information

  • Floor plates are regular in shape with an offset core at the back of the building. Internally, the upper floors benefits from 2 x classrooms and a small breakout area whilst the ground and lower floors provide office and ancillary accommodation. Typical upper floors range from 1,200 to 1,400 sq ft and benefit from good natural light throughout.

Energy performance

Future proofed building EPC rating of B with a fully electric air conditioning system