+44 20 3608 1267
Historic office building in central London with a 3% yield

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Historic office building in central London with a 3% yield

3,274,000 €
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Total area: 260 m² Yield: 3.0%
  • Absolute return: 96,360 €
  • 4-floor building
  • Renter: 100%

It is an office building for sale in Midtown.

Description

Four-storey building in the Georgian style was built in the XVIII century.

The total area is 260 m².

The building has preserved its original facade with wrought iron railings, red brick segmental arches, cornices and wooden door case.

The interior also retains many original features such as ornate staircase.

The property has central heating and air conditioning system.

Basement is partially occupied with office space and partially used as storage.

Tenure: Freehold.

The property is fully leased out to a single tenant.

Financial performance

Absolute income is 85,500 £.

The current yield of 3%.

Purchaser's costs of 6,4%.

Tenants

The tenant is a well-known British company presenting a wide range of operas, ballets and musical concerts.

The lease agreement is valid until 2019.

Location

The property is situated in Midtown near courts and headquarters of the financial, media and professional companies.

Numerous metro and railway stations are within the walking distance.

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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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