Mintel House 4 Playhouse Yard London EC4V 5EX

Mintel House
4 Playhouse Yard
London
EC4V 5EX

Highly Reversionary Leasehold Investment

Entirely let to Mintel Group Limited until December 2027
Important 2025 rent review (rent last reviewed in 2004)
Substantial office building comprising approximately 17,656 sq ft
City of London location close to Fleet Street, St Paul’s Cathedral and Blackfriars Station
Rent: £241,900 p.a.x (gross) £241,150 p.a.x (net)

Lot
17
Auction
14th February 2018
Rent
Gross: £241,900 per Annum Exclusive
Status
Sold
Price
£1,810,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Colliers Capital

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Highly Reversionary Leasehold Investment

Entirely let to Mintel Group Limited until December 2027
Important 2025 rent review (rent last reviewed in 2004)
Substantial office building comprising approximately 17,656 sq ft
City of London location close to Fleet Street, St Paul’s Cathedral and Blackfriars Station
Rent: £241,900 p.a.x (gross) £241,150 p.a.x (net)

Lot 17
Auction 14th February 2018
Rent Gross: £241,900 per Annum Exclusive
Status Sold
Price £1,810,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Colliers Capital

Property Information

Location

Miles: 325 metres south west of St Pauls Cathedral
Roads: A1, A4
Rail: City Thameslink & Blackfriars Undergorund (Circle & District Lines)
Air: Heathrow and London City Airport

Situation

The property occupies a prominent position in Playhouse Yard, in the heart of the City of London's professional district, just north of Queen Victoria Street. Blackfriars Underground Station is located a short walk away providing Thameslink, Southeastern and Circle & District Line services. St Paul's Cathedral is located 325 metres north-east of the property. Nearby office occupiers include Avanti Communications Group, Newton Investment Management, Dechert LLP and JP Morgan.

Tenure

Leasehold. Held from The Worshipful Society of Apothecaries for a term of 99 years expiring 31/12/2027 at a fixed rent of £750 per annum.

Location

Miles: 325 metres south west of St Pauls Cathedral
Roads: A1, A4
Rail: City Thameslink & Blackfriars Undergorund (Circle & District Lines)
Air: Heathrow and London City Airport

Situation

Tenure

Leasehold. Held from The Worshipful Society of Apothecaries for a term of 99 years expiring 31/12/2027 at a fixed rent of £750 per annum.

Description

The property comprises a six storey office building arranged over ground, basement, first, second, third and fourth floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a six storey office building arranged over ground, basement, first, second, third and fourth floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Basement First Second Third Fourth	Office/Ancillary Plant Office Office Office Office	428.74 sq m 33.16 sq m 366.87 sq m 382.01 sq m 287.07 sq m 142.42 sq m	(4,615 sq ft) (357 sq ft) (3,949 sq ft) (4,112 sq ft) (3,090 sq ft) (1,533 sq ft)	MINTEL GROUP LIMITED (1) on assignment from Euromoney Institutional Investor Plc (2)	65 years from 25/12/1962 until 24/12/2027 on a full repairing and insuring lease	£241,900	25/12/2025
Total		1,640.27 sq m	(17,656 sq ft)			£241,900

(1) For the year ending 30 September 2016, Mintel Group Limited reported a turnover of £95,857,626, pre-tax profits of £17,095,951 and a total net worth of £3,092,933 (Source: Experian Group 15/01/2018). Mintel is the world’s leading market intelligence agency, with offices in London, Chicago, Shanghai, Belfast, Kuala Lumpur, Mumbai, Düsseldorf, New York, São Paulo, Singapore, Sydney, Tokyo and Toronto (Source: www.mintel.com 15/01/2018).
(2) Euromoney Institutional Investor Plc was founded in 1969 and is an international business-information group listed on the London Stock Exchange, with more than 2,000 employees worldwide and a portfolio of over 30 businesses spanning price reporting, investment research, news and market analysis, and industry forums, institutes and events. (Source: www.euromoneyplc.com 15/01/2018).
For the year ending 30 September 2017, Euromoney Institutional Investor Plc reported a turnover of £386m, pre-tax profits of £40.6m and shareholders’ funds of £287.6m. The company had a market capitalisation of £1.3bn as of 16/01/2018 (Source: Euromoney Institutional Investor PLC Annual Report and Accounts 2017 18/01/2018).