£1,250,000
St. George Wharf, Lambeth, SW8
- 0 beds
£1,250,000
- 0 beds
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Self-contained ground floor 2,553 sq ft office space minutes from Vauxhall is now offered for purchase at a capital value in the region of ?607 per sqft. Let till summer 2024 producing ?70,000 of rental income per annum and reflecting a net initial yield of 4,3%
Modern fully self-contained ground floor office for sale. Can be used as an office or other commercial unit (e.g. shop, services)Let to a private consultancy company till 28 June 2024 currently producing ?70,000 per annum (FRI lease) and a net initial yield of 4.3%.Conveniently located in the gated St George Wharf development, benefiting from a private entrance and just a 6-minute walk from Vauxhall Station, providing excellent transport links.The property is owned by an SPV and can be sold as such or as an asset.Tenure - LeaseholdLength of lease (years remaining) - 999 years from 1999 (remaining 976 years)Annual ground rent amount (?) - ?120 per yearAnnual service charge amount (?) - circa ?8400 per year in 2023VAT: this property is elected for VATClass: B.
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£1,250,000
property for sale
St. George Wharf, Lambeth, SW8
Self-contained ground floor 2,553 sq ft office space minutes from Vauxhall is now offered for purchase at a capital value in the region of ?607 per sqft. Let till summer 2024 producing ?70,000 of rental income per annum and reflecting a net initial yield of 4,3%
Modern fully self-contained ground floor office for sale. Can be used as an office or other commercial unit (e.g. shop, services)Let to a private consultancy company till 28 June 2024 currently producing ?70,000 per annum (FRI lease) and a net initial yield of 4.3%.Conveniently located in the gated St George Wharf development, benefiting from a private entrance and just a 6-minute walk from Vauxhall Station, providing excellent transport links.The property is owned by an SPV and can be sold as such or as an asset.Tenure - LeaseholdLength of lease (years remaining) - 999 years from 1999 (remaining 976 years)Annual ground rent amount (?) - ?120 per yearAnnual service charge amount (?) - circa ?8400 per year in 2023VAT: this property is elected for VATClass: B.