1 Vincent Square, London, SW1P 2PN
- SIZE AVAILABLE
26,716 sq ft
2,482 sq m
- SECTOR
Office for sale
Key features
- 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
Description
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.
Viewing Details
Strictly by appointment.
Brochures
1 Vincent Square, London, SW1P 2PN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Pimlico Station0.3 miles
- St. James's Park Station0.4 miles
- Victoria Station0.5 miles
Notes
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