3 Moretown, Thomas More Street, E1

Description

Offices to let: Entire 3rd Floor

 19,841 sq ft / 1843.27 sq m

Moretown is located at the junction of Thomas More Street and East Smithfield. Tower Hill, Tower Gateway, Aldgate and Aldgate East (District, Circle, Hammersmith & City and Metropolitan Lines and the DLR) are all within a short walking distance.

Moretown comprises 6 buildings providing c.570,000 sq ft of office space. In addition to the eclectic mix of existing food offerings on its doorstep, further operators are arriving soon in the shape of Benugo, Wahaca and Beboz, all providing occupiers with an exciting variety of culinary choice. In addition Moretown hosts a weekly food market for those looking for more  adventurous and exotic flavours.

Accomodation

3 Moretown holds a commanding position in the centre of a fast emerging commercial community.  Gensler Architects have just taken all but one of the floors in 6 Moretown which the landlord has redeveloped into a best in class office building with stunning glass apron.

Amenities

Fully fitted Grade A floor
Air conditioned
c.2.8m celling heights with full height windows
Great views and superb natural daylight
Impressive staffed grd floor reception
Thriving office campus with events programme and street food market

Lease Terms

An effective FR&I lease for a term to expire 30th June 2030, subject to rent review on 1st July, 2020 and 2025, on a ‘contracted-in’ basis. There is a tenant only option to determine 1st July 2026. If this is not served an rent free period of 6 months will be granted. The passing rent is £782,496 pax. My client will pay a market reverse premium on an assignment.

Or

A new lease can be made available directly from the landlord on terms to be agreed.

Rent

The passing rent is £782,496 pax, equating to £39.43 per sq ft.

Rates

Business rates payable for the 2018/2019 equate to approximately £13.00 per sq ft per annum. Tenants are advised to make their own enquiries.

Service Charge

Running at approximately £11.00 per sq ft per sq per annum.

Legal Costs

Each party is to be responsible for its own legal costs.

Viewing

Please do not hesitate to contact the Office Agency Team if you require any further information, or if you would like to arrange an inspection.