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Wilton Road, London, SW1V

£5,500,000

£558.32 per sq ft

Business rates & charges may apply

John D Wood, Mayfair
SIZE AVAILABLE

9,851 sq ft

915 sq m

SECTOR

Office for sale

USE CLASSUse class orders: B1 Business and Class E

B1, E

Floor/Site plan 1
1

Key features

  • Freehold
  • Prime zone 1 location, 3 minute walk from one of the UK's busiest train and bus stations (Victoria).
  • Fully let income producing asset arranged over lower ground, ground and three upper floors.
  • Building measures 7,688 sq. ft. NIA / 9,851 sq. ft. GIA
  • EPC B with nominal capital expenditure required in the short to medium term
  • Multi let to four tenants providing well diversified income of £295,201pa (blended £38.40psf). With a AWAULT of approximately three years to expiry.
  • Highly reversionary income stream with strong asset management and development angles.
  • The building is located outside an Article 4 directive.
  • Potential to change the building usage and add additional massing, STPP.
  • Offers are invited in excess of £5,500,000 for the Freehold interest subject to contract, reflecting a net initial yield of 5.00% (assuming 6.8% purchaser's costs) and a low capital value of £715 per sq. ft.

Description

Description
Welby House, constructed in the 1990s, is a mid-terrace building spanning lower ground, ground, and three upper floors, with floor areas ranging from 917 to 2,384 sq ft.

Recently refurbished, the reception area offers access to bicycle storage, along with modern changing and shower facilities on the lower ground floor.

The building features a distinguished appearance with large bay windows framed by lead panels and a London stock brick façade. Its exterior also includes a mansard and pitched slate-tiled roof, adding to its charm.

Location
Welby House is exceptionally well-connected, with Victoria Station just a 4-minute walk away. Victoria Station offers access to the Circle, District, and Victoria Underground lines, as well as rail services to destinations across southern England, including Clapham Junction, Vauxhall, Brighton, Dover, and Southampton.

Alternative uses
The property is not listed, but is within the Pimlico conservation area.

Planning consultants have advised that there is a good chance to obtain a change of use to residential or apart-hotel usage, subject to planning permission.

Brochures

Wilton Road, London, SW1V

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Victoria Station0.2 miles
  • Pimlico Station0.4 miles
  • St. James's Park Station0.5 miles

About John D Wood, Mayfair

34-35 Clarges Street, Mayfair, London, W1J 7EJ

John D Wood are a well-established Commercial Property Consultant with a superb name and huge amount of brand recognition throughout the U.K. Our long established brand evokes a sense of history and quality, while giving an immediate sense of confidence to our clients who feel secure and well advised when dealing with a firm with such a long and well established history.

The core of the business is commercial property management. We have a team of both property and facilities managers as well as accountants who are dedicated to dealing with the managed properties, including service charge where applicable. We have an unprecedented knowledge of property management and if we are unable to manage the property in-house then we know exactly what is required in procuring these services for clients. Clients know how we work and appreciate our honesty if we are unable to manage the property in-house and are more than comfortable with us procuring property and facilities management companies on their behalf.

We also have a lettings team, investment team, professional team and valuation team. Our valuation team is led by the former global head valuer for DTZ. We mix experience with youth, ensuring that we have a good combination of young and hungry employees eager to provide a quality service to our clients and experienced qualified surveyors to ensure this is delivered.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference WelbyHouse. 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 John D Wood, Mayfair. 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.

Map data ©OpenStreetMap contributors.

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