Concept House Home Park Mill Link Rd 26,150 SF 45% Leased 4-Star Office Building Kings Langley WD4 8UD £5,000,000 (£191.20/SF) 6.25% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Multi let to long term tenants
  • On-site building and security monitoring
  • Great facilities including high grade open plan spaces and LED recessed lighting

EXECUTIVE SUMMARY

Concept House is a modern Grade A self-contained office comprising 26,150 sq ft (2,429 sq m), benefiting from an EPC B rating and a 1:339 parking ratio. The property, built in 2013, has undergone extensive refurbishment and benefits from Grade A specifications over Ground, First and Second floors. The building benefits from good natural light and a bright reception and the office space provides open plan configuration.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
26,150 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2016
Price
£5,000,000
Price Per SF
£191.20
Net Initial Yield
6.25%
NOI
£312,625
Percent Leased
45%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
8,717 SF
Building FAR
0.48
Lot Size
1.25 AC
Parking
46 Spaces (1.76 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Route
  • Commuter Rail
  • Security System
  • Reception

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Ground-Ste Managers Office
  • 730 SF
  • Office
  • Partial Build-Out
  • Now

The ground floor availability comprises the managers office suite which is only available to let together with the one of the upper floors suites as a minimum.

  • 1st Floor
  • 3,900-10,015 SF
  • Office
  • Partial Build-Out
  • Now

The property comprises a fully fitted first floor office suite within the Concept House office building. The suite is principally open plan with fitted kitchen/tea point facility, board room/meeting room and two private offices. Reconfiguration of the space can be undertaken, subject to negotiation. Specification includes air-conditioning, raised floors and suspended ceilings with LED lighting. Access is via a card controlled lift and stairs. The building facilities include male, female and disabled WCs (superloo format) and shower/changing rooms. Externally there is parking available for 11 vehicles.

  • 2nd Floor
  • 3,725 SF
  • Office
  • Partial Build-Out
  • Now

The property comprises a fully fitted second floor office suite within the Concept House office building. The suite is principally open plan with fitted kitchen/tea point facility, board room/meeting room and two private offices. Reconfiguration of the space can be undertaken, subject to negotiation. Specification includes air-conditioning, raised floors and suspended ceilings with LED lighting. Access is via a card controlled lift and stairs. The building facilities include male, female and disabled WCs (superloo format) and shower/changing rooms. Externally there is parking available for 11 vehicles.

Space Size Space Use Condition Available
Ground-Ste Managers Office 730 SF Office Partial Build-Out Now
1st Floor 3,900-10,015 SF Office Partial Build-Out Now
2nd Floor 3,725 SF Office Partial Build-Out Now

Ground-Ste Managers Office

Size
730 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Floor

Size
3,900-10,015 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Floor

Size
3,725 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now
  • Listing ID: 32649354

  • Date on Market: 01/08/2024

  • Last Updated:

  • Address: Home Park Mill Link Rd, Kings Langley WD4 8UD