Full-Let Freehold 13-Storey Building & Development Opportunity For Sale In Central London *ROI currently of £1.8M P/A*
Basics
- Date added: Added 3 years ago
- Country: United Kingdom
- Category: Building, Central London, For Sale, Guaranteed ROI, Investment, London, Opportunity, Project, Property, Real Estate, Redevelopment, ROI, UK, United Kingdom
- Type: Block, Building, Development Opportunity
- Status: For Sale
- Floor level: 13
- Area: 3776 m²
Description
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Description:
A superb opportunity for a London investor.
The list price of £40m is open for negotiation with the vendor.
On completion of the proposed plans the GDV would be between £93m - £106m.
Factor in a construction cost of circa £30m, and your ROI would be between £23-36m or 32% - 51%.
• Freehold
• 0.49 acres (0.2 hectares)
• Existing building comprises 40,642 sq ft NIA
• Fully let until December 2024
• Providing an annual income of £1,800,000
• A feasibility study carried out by AHMM Architects suggests development potential for a new circa 125,000 sq ft NIA office or life sciences scheme, subject to necessary consent
• Unconditional offers are invited for the freehold interest
On the doorstep PG the vibrant gastronomic and cultural attractions of Camden, in very close proximity to public transport, and all within a short stroll to the heart of London’s Knowledge Quarter.
An island site with a stunning, corner aspect canal-side setting, benefiting from open panoramic views over King’s Cross and the rest of central London.
To create a highly prominent, headquarters building of scale, with a range of large floorplates and terraces.
Get in touch for more info.
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