Office center, London, Great Britain

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Office center, London, Great Britain

22,656,000 €
7,842 € /m²
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  • Total area
    2,889 m²
  • Yield
    2.5%
Details
Property parameters
  • Land area: 2,428 m²
  • Number of parking lots: 29
Financial performance
  • Annual income: 567,940 €

Three commercial buildings.

Description

Total area of the property is 2,899 m²

Property consists of three buildings.

The first office building was built in 1882 and comprised of 6 above-ground floors and 2 underground floors. The area of the building — 2,004 m² The elevator was installed in 2015.

The second office building was built in 1905 and comprised of 5 above-ground floors and 2 underground floors. The area of the buidling — 682 m² The elevator was installed in 2015.

The third building was built in 1991 and comrised of 2 above-ground floors and 1 underground floor. The building is meant to be a restaurant and now is vacant.

All buildings are sitauted on the same land plot with area of 2,428 m²

The purchase price of the property includes underground parking for 29 cars.

The type of ownership: Freehold.

Financial performance

Absolute annual income is 491,546 £.

The current yield of 2.5%.

After renovation of premises and singing of new lease agreements:

Projected absolute annual income is 1,476,169 £.

The projected yield of 7.6%.

Location and nearby infrastructure

Property is situated in the central part of the city. Community amenities and public transport stops are located within walking distance.

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