St James House 27-43 Eastern Rd 45,725 SF 100% Leased Office Building Romford RM1 3NH £8,500,000 (£185.89/SF) 8.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 28-space car park
- Landscaped courtyard / garden area
- Central reception area
EXECUTIVE SUMMARY
Freehold investment opportunity comprising a 43,897 sq ft multi let office building with a 28-space car park.
Current rent of £776,484 per annum. Net initial yield of 8.5% and a potential reversionary yield of 9.1% after allowance for purchasers costs of 6.8%.
Offers in excess of £8,500,000 (EIGHT MILLION FIVE HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT.
Current rent of £776,484 per annum. Net initial yield of 8.5% and a potential reversionary yield of 9.1% after allowance for purchasers costs of 6.8%.
Offers in excess of £8,500,000 (EIGHT MILLION FIVE HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
45,725 SF
Building Class
B
Year Built
1997
Price
£8,500,000
Price Per SF
£185.89
Net Initial Yield
8.50%
NOI
£722,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
11,431 SF
Parking
6 Spaces (0.13 Spaces per 1,000 SF Leased)
AMENITIES
- EPC - D
1 of 1
CONTACTS
-
Joseph
Rantor
-
Stephen
Gevertz
-
Zach
Harris
-
Chris
Rook
-
Jamie
Weiner
