710, 720, 730/40 Centennial Park 3 Office Properties Offered at £14,000,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Centennial Park is strategically located with immediate access to the A41 and Junction 4 of the M1.
- The property benefits from 229 car parking spaces, providing an excellent London parking ratio of 1:243 sq ft.
- Total passing rent equates to £1,351,733 per annum, reflecting a low average rent of £24.30 per sq ft.
EXECUTIVE SUMMARY
Long Leasehold - A rare opportunity to acquire 3 fully let office buildings providing secure income with long-term break-up or industrial redevelopment potential (STPP). Three fully let office buildings situated on a well established Greater London business park with strong on-site amenities. The property comprises three fully let office buildings extending to 55,633 sq ft.
PROPERTY FACTS
| Price | £14,000,000 |
| Price / SF | £251.65 / SF |
| Net Initial Yield | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 55,633 SF |
| Total Land Area | 1.92 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Centennial Av, Elstree WD6 3SL | Office | 12,206 SF | 1993 | - |
| Centennial Av, Elstree WD6 3ST | Office | 33,024 SF | 2006 | - |
| Centennial Ave, Borehamwood WD6 3SX | Office | 10,403 SF | 1998 | - |
