Pre-let and investment sale of 16,700 sq ft 5 story building in East London

City & Suburban Group Ltd engaged us to market a newly approved 16,700 sq ft office and studio space in shell and core condition. The property’s location and flexible configuration made it an attractive prospect for creative and innovative businesses. 
 
Our team conducted a thorough market analysis to position the property as a hub for creative industries. Leveraging our extensive network and targeted marketing campaigns, we successfully secured a pre-let for the entire 16,700 sq ft space. The tenant, a creative services office and studio provider, agreed to a lease at £30 per sq ft, a competitive rate given the shell and core condition.
 
The lease terms included a two-year option to purchase, a crucial component of the strategy to maximise the property’s future value.
 
Two years after the pre-let, the tenant exercised their option to purchase the property. The sale was finalised at £4,650,000, equating to £278 per sq ft. This outcome exceeded market expectations and delivered significant returns for our client.