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The historic commercial building in central London

5,500,000 £
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Total area: 209 m² Yield: 3.0% Built in 1675
  • Absolute return: 218,400 €
  • 4-floor building
  • Percentage of the rented area: 100%

It is an office building with commercial premises located in the heart of Westminster.

Description

The four-story historic building with total area of 209 m² was built in 1675 and subject to alterations in the mid 19th century. The property is in good overall condition at the moment.

The property comprises retail accommodation over ground and lower ground with the first floor used as medical and the second and third floors as ofces.

Tenure: Freehold.

The property is fully leased to various tenants.

Permission was granted to redevelop offices into residential apartments with mansard floor extension.

Financial performance

Absolute income is 156,000 £.

The current yield of 3%.

Tenants

The anchor tenant is a trading company, the lease agreement is signed until 2022.

The lease agreements with the other two tenants are signed until 2017.

Location

The property is situated in the heart of Westminster, close to many of London's traditional attractions.

Parks, shops and restaurants are in close proximity to the area.

Metro stations and railway station are in walk distance and Heathrow Airport can be reached in just over half an hour.

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