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REVERSIONARY LONG LEASEHOLD INVESTMENT FOR SALE

1,900,000 £
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Total area: 247 m² Yield: 4.0%
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Features
  • 1-floor building
  • Occupancy: 100%

Description

This excellent media style unit consists of a self-contained ground floor office with window frontage

onto Bowling Green Lane. It also benefits from 4 metre high ceilings.

AMENITIES

• Entryphone

• Perimeter Trunking

• Good Natural Light

• Kitchenette

• Two Showers

• WC’s

• Self-Contained

• High Ceilings (4 metres)

• Electric Shutter

TENURE

LLH (983 years) — The property is currently tenanted by Planit I. E Ltd until 28th February 2017 and PT Projects Ltd until 31st October 2017

Planit I. E Ltd

1st March 2014 to 28th February 2015 — £ 36,000 per annum

1st March 2015 to 29th February 2016 — £ 44,100 per annum

1st March 2016 to 28th February 2017 — £ 50,400 per annum

PT Projects Ltd

1st November 2014 to 31st October 2015 — £ 28,800 per annum

1st November 2015 to 31st October 2016 — £ 36,000 per annum

1st November 2016 to 31st October 2017 — £ 41,000 per annum

PRICE

Offers in excess of £ 1,900,000. A purchase at this level reflects a net initial yield of 4.01% (after allowing for standard purchasers costs of 5.8%), a capital value of £ 714 per sq ft and a reversionary yield of 5.63%, adopting our estimated rental value of £ 113,135 per annum (£ 42.50 per sq. ft).

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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