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- 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%)
