£19.860.000
Confirmation
Multi-let freehold office investment
Property Details
Broker
For sale
28,162 sq.ft.
2,616 m²Leasable area
705 £/sq.ft.
7,591 £/m²5.75 %
6
Freehold
Fees
Investment Overview
A landmark multi-let Freehold office investment, located in a prime Greater London location. Prominently positioned, in the heart of Richmond, Spencer House comprises a self contained office building on a half-acre site arranged over ground and four upper floors totalling 28,162 sq ft (NIA). Specification includes fully accessible raised floors, air conditioning, suspended ceilings, a 10 person passenger lift, showers, and 19 car parking spaces. Fully let to six tenants, providing an attractive WAULT of 4.06 years to expiry. Passing rent of £1,219,284 per annum equating to a low average passing rent of £43.30 psf. Recent rental tone of £55.00 psf achieved within the building for unrefurbished space, outlining the significant reversionary potential available.
Interested? Here are the next steps to get more
information and to proceed with our automated deal flow.