Shoreditch office hits the market

Family-owned investment business Maurice has appointed Allsop to find a buyer for 14 Bonhill Street, EC2. Offers over £26m are sought for the 31,270 sq ft office building, reflecting a net initial yield of 6.6%. Maurice bought the nine-storey development from Nyraff for £19.8m in 2015.  The building has recently undergone a comprehensive refurbishment and extension to provide workspace alongside Tenants Club Fourteen, a communal facility featuring roof terrace, a boardroom and breakout areas. The office is let to nine tenants providing income of £1.8m per annum, at an average rent of £61.07 per sq ft. Bonhill Street is located between the City and Old Street in an area which boasts a variety of restaurants, bars and shops. Neighbouring occupiers include Google, Crabtree & Evelyn, Mind Candy, Aukett Swanke, and Kingsley Napley. View rental analysis for offices on Bonhill Street, EC2 >>