- Off market
- Freehold
- SPV sale
- Let to 2 tenants
- Lock 14 comprises 23,352 sq.ft (NIA) over basement, ground and two upper floors and let to Arden University Ltd on a new 10 year lease with a tenant break option at year 5 at a passing rent of £368,720 per annum
- Opheem Restaurant – 10,767 sq.ft (GIA) over basement and ground floors let at a base rent of £51,000 per annum subect to annual RPI linked uplifts plus 10% of profit (calculated and payable quarterly)
- Total passing rent £419,720 per annum
- Net initial yield of 6.25% after allowing for purchaser’s costs of 6.63%
- Selling price OIEO £6,300,000 exclusive of VAT.
We will require a buy side fee.
Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.
In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.
Office: +44(0)330 2236988
investments@trellows.co.uk
investments.trellows.com
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