Opportunity to acquire an office investment in the heart of Clapham Old Town.
• The investment provides highly secure income.
• Let to Svenska Handelsbanken AB (PUBL) - Total Equity in excess of £12 billion.
• Within a highly attractive modern mixed use scheme developedby Grainger Plc & designed by award winning Assael Architects.
• 5.75 years unexpired lease term with no breaks.
• The current rental income is £55,518 per annum reflecting £29.64 per sq ft.
• Rent review in July 2019 providing opportunity for rental growth.
• We are instructed to seek offers in excess of £1,050,000 (One million and fifty thousand pounds), subject to contract.
• This reflects a Net Initial Yield of 5.0% based on purchasers’ costs of 5.8%.
• Capital Value of £561 per sq ft (NIA).