Investment Sales
Situated in the Heart of Victoria on the
south side of Petty France.
Price: Excess of £8,500,000
Subject to contract
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- Located in the Heart of Victoria.
- Freehold.
- A high quality modern office building totalling 13,935 sq ft (1,293 sq m).
- Comprehensively refurbished in 2007 to a high specification.
- The property is let to RWC Partners Ltd on a Full Repairing and Insuring lease expiring 23
August 2017 (c.8 years unexpired)
- A current passing rent of £570,000 per annum
(£40.90 per sq ft overall), which is subject to a fixed rental increase in 24th August 2011 to
£580,000 per annum (£41.62 per sq ft overall).
- We are instructed to seek offers in excess
of £8,500,000 (Eight Million, Five
Hundred Thousand Pounds), subject to
contract and exclusive of VAT.
A purchase at
this level (based on a topped up rent of
£580,000 per annum) would reflect a net initial
yield of 6.45%, assuming acquisition costs
of 5.725%.
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