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Office building in central London

16,750,000 £
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Total area: 1,281 m² Yield: 0.9%
  • Absolute return: 210,000 €
  • Built in 1930
  • 8-floor building
  • Percentage of the rented area: 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.

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Georgiy Buznik
Georgiy Buznik
Real Estate Expert Tranio in London
+44 20 3608 1267
Free advice on real estate in London
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