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Large office center in the heart of West London's business hub

25,500,000 £
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Total area: 2,678 m² Yield: 5.2% Built in 1980
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Features
  • Absolute return: 1,870,619 €
  • Land area: 809 m²
  • 6-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 22
  • Most recent total renovation: 2015

It is two neighboring office buildings in the heart of Hammersmith, the prestigious business district of London.

Description

The office center with total area of 2,678 m² was constructed in 1980.

The plot of 809 m².

The main building has six floors, the expansion has two floors.

The ground floor has reception, first floor features conference rooms, technical rooms and public cafe, offices occupy floors from second to sixth.

The buildings are in excellent condition, there were a major overhauls in 2012 and 2015, in particular:

  • new finishing;
  • flooring;
  • lighting enhancement;
  • re-equipment of conference rooms and kitchen;
  • new WCs;
  • new flooring carpets in offices, replacement of furniture.

There is a parking for 22 cars.

Equipment

  • VRV air conditioning;
  • Raised floors (100-110 mm);
  • 2,8m floor to ceiling heights;
  • Kitchenette and male & female WC’s on each of the office floors;
  • Two 10 person passenger lifts, a disabled lift and a goods lift;
  • Shower Facilities;
  • Communal café and break out room.

Financial performance

Absolute income is 1,417,136 £.

The current yield of 5,25%.

The purchaser’s costs of 5,8%.

Tenants

Tenant is BC Hammersmith Property Management Limited, founded in 1998.

The lease agreement is signed for 10 years with the extension option for 10 years.

Location

Attractive building with unparalleled transport links situated directly above Hammersmith Underground and bus station.

Hammersmith is the business hub and strategic gateway in the western corridor of London connecting the area to Central London approximately four miles to the east.

Hammersmith has the lowest office vacancy rate in London. It is an established business location with other significant occupiers in The Broadway development including AOL, Walt Disney, EMI, Time Warner.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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