Whitefriars Avenue, Harrow, Middlesex, HA3
£386.34 per sq ft
Business rates & charges may apply
- 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
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
Notes
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