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).
