Sold
123 Old Brompton Road, South Kensington, London, SW7
London - M25
dba193
Office£6,200,000
Tenure: Freehold
Tenancy: Single Let
Investment summary
•Net initial yield of 5.3%.
•Reversionary yeild of 6.6%.
•Modern office building benefiting from a high quality specification with air-conditioning.
•Total net area of 874 sq m (9,403 sq ft).
•Secure underground car parking for 11 spaces providing an excellent ratio of 1:79 sq m (1:855 sq ft).
•Passing rent on the office accommodation reflects £333.56 per sq m (£30.98 per sq ft) overall.
•Capital value of 7,093 per sq m (£659 per sq ft).
•Secured to The Institute of Cancer Research (The Royal Cancer Hospital), a D&B 5A1 covenant, for a further 6.75 years term certain.