Verified listing
Share:

Warehouse buildings refurbished to a high quality

London, United KingdomUnlock address

87%

£9.370.000

Mixed use

#14847

Core+, Value-Add

28 Sep 2024

Property Details

Broker

Under offer

22,941 sq.ft.

2,131 m²

Leasable area

408 £/sq.ft.

4,397 £/m²

7.50 %

6

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Property incorporates three uniquely distinctive warehouse buildings refurbished to a high quality, set around a central courtyard on a 0.6 acre campus; The subject property totals 22,941 sq ft (2,131 sq m) of office and retail accommodation across three distinctive warehouse buildings. The estate further benefits from a central courtyard, providing a unique amenity for the estate’s occupiers and customers. Multi-let to 6 tenants. 10,825 sq ft of recently refurbished Cat A office space available. Total rent passing of £425,395 per annum £35.11 (weighted across the let accommodation) with an ERV on the vacant element of £351,813 per annum (£32.50psf); Weighted average unexpired lease term (WAULT) of 3.08 years to expiry.