Property photos
£15,000,000
(£561.46/sq. ft)
Office for sale
Vincent Square, London SW1P26,716 sq. ft
Local area information
Property location
Nearby amenities
- Burdett-Coutts and Townshend Foundation CofE Primary School 0.1 miles
- Westminster Under School 0.2 miles
- Pimlico 0.3 miles
- Millbank Millennium Pier 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Belgravia, Nine Elms and Charing Cross to find out more about the local area.
Features and description
- Air conditioning
- Part underfloor trunking
- Manned reception
- 2 passenger lifts
- 3 showers
- Bike storage
- LG7 lighting
- Cat 6 cabling (4th)
- Ground floor dda compliant
- Secure drop off parking
- Storage space
- Excellent natural light
Freehold Investment / Development Opportunity
Overview
Prominent freehold corner property with views of Vincent Square, ideal for investors, developers and owner occupiers.
Arranged over basement, ground and five upper floors totalling 26,716 sq ft, plus 5th floor roof terrace and small basement car park.
Part-let with a WAULT of 1.4 years to break and 4.4 to expiry on let accommodation.
Passing rent £414,195 per annum reflecting a low average rent of £36.13 per sq ft per annum.
Significant asset management opportunities including a comprehensive refurbishment and reletting of the offices.
Potential (sttp) for the following:
- Increase the massing and reconfigure the cores and WCs
- Medical/Senior Living Use
- Suitable for Educational Use
- Conversion to Residential
The Vendors are seeking offers in excess of £15 million for the freehold interest, subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 2.59% and a reversionary yield of 6.48% assuming the vacant floors are let at a rent of £45.00 per sq ft. Taking into account the purchaser's cost of 6.73%, a sale at this level equates to a low capital value of £561 per sq ft.
Viewings
Strictly by appointment.
Overview
Prominent freehold corner property with views of Vincent Square, ideal for investors, developers and owner occupiers.
Arranged over basement, ground and five upper floors totalling 26,716 sq ft, plus 5th floor roof terrace and small basement car park.
Part-let with a WAULT of 1.4 years to break and 4.4 to expiry on let accommodation.
Passing rent £414,195 per annum reflecting a low average rent of £36.13 per sq ft per annum.
Significant asset management opportunities including a comprehensive refurbishment and reletting of the offices.
Potential (sttp) for the following:
- Increase the massing and reconfigure the cores and WCs
- Medical/Senior Living Use
- Suitable for Educational Use
- Conversion to Residential
The Vendors are seeking offers in excess of £15 million for the freehold interest, subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 2.59% and a reversionary yield of 6.48% assuming the vacant floors are let at a rent of £45.00 per sq ft. Taking into account the purchaser's cost of 6.73%, a sale at this level equates to a low capital value of £561 per sq ft.
Viewings
Strictly by appointment.
More information
Listed by
Tuckerman Commercial
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