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St Albans Lane, Golders Green NW11

RARELY AVAILABLE OPPORTUNITY IN A SOUGHT-AFTER, NORTH-WEST LONDON LOCATION
For sale
  • Multi-Let Office & Light Industrial Investment Opportunity.
  • Located in Golders Green, North-West London.
  • Extremely well located: Adjacent to Golders Green Underground Station (Northern Line) & National Bus / Coach Terminal.
  • Within easy reach of Central London.
  • The numerous retail & restaurant amenities of Golders Green.
  • Freehold.
  • Providing 20,648 sq ft NIA.
  • 34 units ranging from 74 sq ft up to 5,600 sq ft.
  • Let to 25 tenants providing a diverse range of income.
  • Total current passing rent of £273,359 pa providing an average rent of just £13.24 per sq ft.
  • WAULT to expiry of 2.78 years and 1.35 years to breaks.
  • Opportunity to take advantage of heightening demand for small business units.
  • Attractive asset management opportunities and ability to add value.
  • WE ARE INSTRUCTED TO SEEK OFFERS IN EXCESS OF £5,800,000. (Five Million, Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT.
  • A PURCHASE AT THIS LEVEL REFLECTS:
    • £280 PER SQ FT CAPITAL VALUE
    • 8.35% POTENTIAL REVERSIONARY YIELD
    • 4.42% NET INITIAL YIELD
    (Assuming standard purchaser’s costs of 6.62%)
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