Greater London office investment

The property is prominently positioned on a 0.52 acre site in the heart of Richmond town centre, adjacent to the High Street and just 300 metres from Richmond Station. Property comprises a net internal area of 28,790 sq ft (2,675 sq m) arranged over ground and four upper floors, with a gym studio on the ground floor. The property is let to five tenants with a passing rent of £1,236,734 per annum. The current passing rent reflects a low £44.12 psf on the office accommodation which offers a significant discount to prime Richmond rents of £62.50 psf. Tenant mix includes globally-renowned business Duracell and Newport Industries with 93% of contracted income secured against strong covenants. The tenancies produce a WAULT of 2.37 years to expiry and 1.34 years to break. Recent rental tone of £55.00 psf achieved within the building for unfurnished space, outlining the significant reversionary potential available at this property.