+44 20 3608 1267
Office building in London with a 5,3% yield

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Office building in London with a 5,3% yield

18,430,000 £
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Total area: 3,240 m² Yield: 5.3%
  • Absolute return: 1,381,584 €
  • Built in 1988
  • 2-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 30

Office building in London.

Description

The object is a two-storey building with metal carcass built in 1988.

The total area is 3,240 m².

The building is currently occupied with offices and server rooms of a well-known company.

There are 30 parking spaces outside.

Equipment

  • Cargo and passenger lift for 13 passengers;
  • Chiller-fan coil system;
  • Improved power supply system;
  • Standby generator.

Financial performance

Absolute income is 975,000 £.

The current yield of 5,3%.

Tenants

The object is fully leased to a well-known company to 28 September 2029.

The rent will increase according to the conditions of the contract:

  1. September 28, 2019 to 1,180,000 £ a year.
  2. September 28, 2024 to 1,359,000 £ a year.

Location

The property is situated in the heart of one of London's key business centers.

There are several metro stations in the immediate vicinity of the area, the nearest airport is in the minute availability.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in London
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