Sold
46 Portland Place, London, W1
London - M25
dba198
Mixed Use£5,250,000
Tenure: Leasehold
Tenancy: Single Let
Investment summary
•Suitable for investors and owner occupiers; the occupational tenant has offered to surrender their lease.
•Net initial yield of 5.0%.
•Reversionary yield of 5.6% in July 2007.
•Long leasehold (99.5 years unexpired).
•Attractive period building benefiting from refurbishment.
•Total net area of 958 sq m (10,323 sq ft).
•Passing rent reflects £321.25 per sq m (£29.84 per sq ft) on the office accommodation.
•Capital value of £5,479 per sq m (£509 per sq ft) overall.
•Secured to Gorland Corporation Ltd for a further 6.0 years term certain.