+44 20 3608 1267

Office building in central London

16,750,000 £
Submit request
Total area: 1,281 m² Yield: 0.9%
  • Absolute return: 210,000 €
  • Built in 1930
  • 8-floor building
  • Renter: 56%

It is an office building with commercial premises, located in Camden, central London.

Description

Eight-story building with total area of 1,281 m² was built in 1930.

Basement, ground floor and mezzanine floor accomodate retail space. The mezzanine is well lit thanks to the spacious windows. The remaining areas are occupied office space.

Retail premises are fully leased out while offices are completely vacant.

There are 2 redevelopment projects to convert office space in residential with a possible extension of two more floors.

Financial performance

Absolute income is 150,000 £.

The current yield of 0,9%.

Tenants

Tenant of the retail premises is cofee trading company.

The lease agreement was signed 15 years ago and negotiations for a lease renewal are currently on-going.

Location

The property is located in the heart of London.

There are are many shops and offices as well as large-scale residential development in the immediate vicinity of the area.

Metro station and bus stops are in the minute walking availability.

Similar listings

We are looking for similar listings

Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in London
By clicking «Submit request», you agree with the terms of Tranio's User Agreement.
Submit request
    Send one more request
    • 0% commission to Tranio
    • Residence permit support
    • Mortgage rates from 2%