A City of London office freehold, offered in £250 units.
No. 42 Bishopsgate is a freehold office building let to three tenants on full repairing and insuring leases, with a weighted unexpired term of 7.4 years. Units represent shares in the SPV that owns the freehold, carrying a pro-rata share of net rental income distributed quarterly and one vote per unit on matters reserved to shareholders.
Meridian Real Estate Holdings · Real estate · United Kingdom
Subscribing starts an eligibility check against the issuer’s published policy. Being shown this offering is not being admitted to it.
What the issuer says could go wrong.
- Commercial property values fall as well as rise, and units may be worth less than the amount subscribed.
- The building depends on three tenants. The loss of any one materially reduces income until it is re-let.
- Units are transfer-restricted and there is no secondary market. You may be unable to sell.
- Income is net of costs that can rise, including a service-charge shortfall the SPV bears.
- The token records an interest in the SPV, not in the building itself.
Stated by the issuer. This platform does not assess them and expresses no view on whether the list is complete.
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