31-39 London Rd | Sevenoaks TN13 1AR
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31-39 London Rd
Sevenoaks TN13 1AR
Alexander House · Office Property For Sale
Investment Highlights
- Retail and Office Investment
- Prime Location
- Planning Permission for Residential Development
Executive Summary
Our client is seeking offers in the region of £3,350,000 subject to contract and exclusive of VAT. A purchase at this level reflects an attractive NIY of 9% on the commercial element and a site price of approximately £80,000 per flat.
The subject property comprises of three ground floor retail units and office accommodation over the upper
three floors. The property also includes a two-storey office building Chapel House to the rear of the property.
The property benefits from 38 car parking spaces which provide an excellent car parking ratio of 1:371 per sq. ft.
The property is situated in the heart of Sevenoaks town centre.
The town centre benefits from a strong mix of national and independent retailers, restaurants and coffee shops. The town is home to several markets including a market every Saturday that stretches the entire length of the High Street which compliments the retail offering and draws many visitors from the local area.
National retailers nearby the property include M&S, Amazon Fresh, Cote Brasserie, Toni & Guy, Sweaty Betty, Boots, Starbucks, Oliver Bonas, Seasalt, Accessorize, Neals Yard, White Stuff, Holland & Barrett, Wagamama and Giggling Squid.
The subject property comprises of three ground floor retail units and office accommodation over the upper
three floors. The property also includes a two-storey office building Chapel House to the rear of the property.
The property benefits from 38 car parking spaces which provide an excellent car parking ratio of 1:371 per sq. ft.
The property is situated in the heart of Sevenoaks town centre.
The town centre benefits from a strong mix of national and independent retailers, restaurants and coffee shops. The town is home to several markets including a market every Saturday that stretches the entire length of the High Street which compliments the retail offering and draws many visitors from the local area.
National retailers nearby the property include M&S, Amazon Fresh, Cote Brasserie, Toni & Guy, Sweaty Betty, Boots, Starbucks, Oliver Bonas, Seasalt, Accessorize, Neals Yard, White Stuff, Holland & Barrett, Wagamama and Giggling Squid.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
14,099 SF
Building Class
C
Year Built
1968
Price
£3,350,000
Price Per SF
£238
Net Initial Yield
9%
NOI
£301,500
Percent Leased
68%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
3,525 SF
Building FAR
0.61
Lot Size
0.53 AC
Parking
19 Spaces (1.35 Spaces per 1,000 SF Leased)
Amenities
- Accent Lighting
1 of 8
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