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Whitefriars Avenue, Harrow, Middlesex, HA3

Guide Price
£4,300,000

£386.34 per sq ft

Business rates & charges may apply

ESTATE OFFICE INVESTMENTS LIMITED, London
SIZE AVAILABLE

11,130 sq ft

1,034 sq m

SECTOR

Office for sale

Key features

  • 11,130 sq ft NIA
  • Freehold
  • Passing Rent of £483,385 per annum
  • High Yielding Serviced Office Investment
  • Multi Let with an occupancy rate of 100%

Description

*HIGH YIELDING SERVICED OFFICE INVESTMENT*

Former Windsor & Newton paint factory.

Office accommodation with reversionary income and redevelopment potential.

Well positioned within a prominent pitch in Harrow, 10 minute walk from Harrow & Wealdstone Station (Overground, Underground & National Rail).

Comprising of 11,130 sq ft NIA.

Comprehensively refurbished over previous years with significant landlord capital expenditure. EPC rating of B.

Passing rent of £483,385 per annum.

Multi let with an occupancy rate of 100%.

Freehold

The property provides an excellent opportunity to unlock potential through development and conversion. Not encumbered by an article 4 restriction.

PROPOSAL

We are instructed to seek offers at a Guide of £4,300,000 (Four Million, Three Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at the asking price would reflect a Net Initial Yield of 8.55% and a Reversionary Yield of 9.13%, assuming standard purchased costs of 6.56%, and a low capital value of £386 per sq ft NIA.

Contact Matthew Rogosnitzky to request further information +44(0)

Brochures

Whitefriars Avenue, Harrow, Middlesex, HA3

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Harrow & Wealdstone Station0.5 miles
  • Headstone Lane Station0.7 miles
  • Harrow-on-the-Hill Station1.3 miles

About ESTATE OFFICE INVESTMENTS LIMITED, London

Ground Floor 1 Finchley Road, London, NW8 9TT

A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.

Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly to deliver the best possible outcomes for our clients. Entrepreneurial in style with the success which comes with several decades of service, our clients see Estate Office as their long-standing agency of choice

Notes

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Disclaimer - Property reference WindsorNewtonBuilding. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ESTATE OFFICE INVESTMENTS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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