Investment Properties: Porteus Place, Macaulay Walk, Clapham Old Town, London SW4 0A

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Porteus Place, Macaulay Walk, Clapham Old Town, London SW4 0A

OIEO £1,050,000

  • Opportunity to acquire an office investment in the heart of Clapham Old Town.
  • The investment provides highly secure income.
  • Let to Svenska Handelsbanken AB (PUBL) - Total Equity in excessof £12 billion.
  • Within a highly attractive modern mixed use scheme developedby Grainger Plc & designed by award winning Assael Architects.
  • 5.75 years unexpired lease term with no breaks.
  • The current rental income is £55,518 per annum reflecting £29.64per sq ft.
  • Rent review in July 2019 providing opportunity for rental growth.
  • We are instructed to seek offers in excess of £1,050,000 (Onemillion and fifty thousand pounds), subject to contract.
  • This reflects a Net Initial Yield of 5.0% based on purchasers’ costsof 5.8%.
  • Capital Value of £561 per sq ft (NIA).