Property Information
Address:
20 Victoria Street, London, Greater London
, SW1H 0NB
, Greater London
, United Kingdom
Price: Property no longer available.
Size: 13696 sq ft1272 sqm
Primary Category: Office
All Categories:
Office,
Property Ref/Movehut: MH668390
Property Ref/Agent: 111142
*Please use the agent ref when calling the agent directly.
Property description
Location Highlights
20 Victoria Street is located in a highly prominent and prime position in the heart of London's Victoria district. Victoria has historically been linked to both the UK government and the Royal Family, but over the past 15 years has witnessed significant regeneration and enhancement making it one of London's most thriving business, residential and leisure hubs.
Landsec's extensive development programme which started in 2006 with the delivery of Cardinal Place has been followed in the years since with landmark developments such as Verde, Nova North and Nova South being delivered. This commitment by Landsec to undertake a regeneration programme of this scale has cemented Victoria's position as the largest business area in London's West End and resulted in major international corporate and leisure occupiers being attracted to the location.
The major enhancement of the areas commercial, residential and leisure offering, as well as the areas historic position as the home of the UK Government and Royal Family positions Victoria as one of London's most important districts. New landmark developments such as The Broadway providing super prime residential and amentity space further anchor Victoria's position alongside the prestigious neighbouring areas Belgravia, Mayfair and St James'.
Specification
The building comprises a self contained,10-storey office building occupying a highly prominent corner site with frontage onto Victoria Street and Dean Farrar Street. Originally constructed in 1974, 20 Victoria Street has undergone upgrading works across all floors in recent years, as well as a full repositioning of the ground and lower ground floors which was completed in 2021.
The building is arranged over lower ground, ground and eight upper floors comprising 13,696 sq ft NIA and 20,047 sq ft GIA. Typical upper floors comprise of approximately 1,400 sq ft (126 sq m) and provide regular floor plates which benefit from excellent natural light on three elevations. The ground floor reception has recently been fully refurbished.
Services and Planning
The property is located in the London Borough of Westminster. It is not listed and does not sit within a Conservation Area.
Highly prominent corner building benefitting from natural light on three sides.
Adjacent to The Broadway, Victoria's latest super prime residential development.
Excellent transport links across London and the wider UK including Victoria (600m), Westminster (400m) and St James' Park (200m) mainline and underground stations.
Originally completed in 1974, the building was upgraded in 2018 with further reconfiguration to the ground and lower ground floor in 2021.
The building comprises 13,696 sq ft NIA of office and ancillary accommodation across lower ground, ground and eight upper floors; Typical floorplates of 1,400 sq ft.
The 3rd, part 4th, 5th and part 6th are currently let on leases with breaks and expires between February 2022 and December 2026.
The current passing rent is £283,644 per annum.
The remaining accommodation is available to let, or suitable for owner occupation.
Immediate asset management opportunities to drive rental performance with prime Victoria rents at £90.00 psf.
Short to medium term redevelopment opportunities to provide significant site massing via a commercial, residential or mixed-use scheme, subject to planning.
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