Whitefriars Avenue, Harrow, Middlesex, HA3
- 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
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
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
Notes
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