FOR SALE - London - Realla
Commercial Investment Office letting providing a Net Initial Yield of 5.2% Situated in The Old Street District, Central London
FOR SALE 13 Provost Street, London, N1 7NH
LOCATION The property is situated in Provost Street, next door to Montcalm Shoreditch Hotel, and within a 2 minutes walk of Old Street Station. The area is one of Central London’s fastest growing and most vibrant commercial districts with an outstanding array of vibrant restaurants, cafes and bars.
TRANSPORT Old Street (Northern Line and Thameslink Great Northern) Liverpool Street (Central, Circle, Hammersmith & City and Metropolitan Lines and National Rail) Angel (Northern Line)
DESCRIPTION
TENANCY
A self-contained two storey office building constructed in 2005 as part of a Goldcrest mixed use scheme.
The property is let to Ms Dhruti Gandhi at £47,000 per annum plus VAT. The lease is for 20 years from 26.01.2006, expiring on 25.01.2026 and subject to 5 yearly rent reviews.
The offices are currently used as a mix of open plan and two private offices.
AMENITIES • • • • • • •
Self-contained with own front door Central heating Perimeter trunking Fully carpeted W/C and shower Kitchenette Ground floor ceiling height 3m
APPROXIMATE FLOOR AREA
50.6 sq. m. 49.2 sq. m. 99.9 sq. m.
Gross Internal Area: First Floor 634 sq. ft. Ground Floor 626 sq. ft. Total 1,260 sq. ft.
USE CLASS B1 Office
SALE The building is offered for sale on the basis of an existing long leasehold interest of 999 years from 1st January 2004.
PRICE £850,000 subject to contract and exclusive of VAT. The price reflects a Net Initial Yield of 5.2%, assuming purchase costs of £6.8%.
Net Internal Area: First Floor 545 sq. ft. Ground Floor 530 sq. ft. Total 1,075 sq. ft.
There is a sub-lease in place to TNT UK Limited at £42,000 per annum plus VAT. The lease is for 4 years from 30th July 2015.
58.9 sq. m. 58.2 sq. m. a 117.1 sq. m.
LEGAL COSTS Each party to be responsible for their own legal costs incurred in the transaction.
PLEASE CONTACT ANTON PAGE 020 7336 1313 Stephen Page [email protected] James Taylorson [email protected]
FOR SALE 13 Provost Street, London, N1 7NH
LOCATION The property is situated in Provost Street, next door to Montcalm Shoreditch Hotel, and within a 2 minutes walk of Old Street Station. The area is one of Central London’s fastest growing and most vibrant commercial districts with an outstanding array of vibrant restaurants, cafes and bars.
TRANSPORT Old Street (Northern Line and Thameslink Great Northern) Liverpool Street (Central, Circle, Hammersmith & City and Metropolitan Lines and National Rail) Angel (Northern Line)
DESCRIPTION
TENANCY
A self-contained two storey office building constructed in 2005 as part of a Goldcrest mixed use scheme.
The property is let to Ms Dhruti Gandhi at £47,000 per annum plus VAT. The lease is for 20 years from 26.01.2006, expiring on 25.01.2026 and subject to 5 yearly rent reviews.
The offices are currently used as a mix of open plan and two private offices.
AMENITIES • • • • • • •
Self-contained with own front door Central heating Perimeter trunking Fully carpeted W/C and shower Kitchenette Ground floor ceiling height 3m
APPROXIMATE FLOOR AREA
50.6 sq. m. 49.2 sq. m. 99.9 sq. m.
Gross Internal Area: First Floor 634 sq. ft. Ground Floor 626 sq. ft. Total 1,260 sq. ft.
USE CLASS B1 Office
SALE The building is offered for sale on the basis of an existing long leasehold interest of 999 years from 1st January 2004.
PRICE £850,000 subject to contract and exclusive of VAT. The price reflects a Net Initial Yield of 5.2%, assuming purchase costs of £6.8%.
Net Internal Area: First Floor 545 sq. ft. Ground Floor 530 sq. ft. Total 1,075 sq. ft.
There is a sub-lease in place to TNT UK Limited at £42,000 per annum plus VAT. The lease is for 4 years from 30th July 2015.
58.9 sq. m. 58.2 sq. m. a 117.1 sq. m.
LEGAL COSTS Each party to be responsible for their own legal costs incurred in the transaction.
PLEASE CONTACT ANTON PAGE 020 7336 1313 Stephen Page [email protected] James Taylorson [email protected]
