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106A Mollison Way 564 sq ft Office Property Edgware HA8 5QT £550,000 (£975.18/sq ft) 6.10% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold Investment for Sale
EXECUTIVE SUMMARY
The property is let to Confident Dental Practices Limited for a term of 40 years from 11th February 2011 at a current rent of £35,206.06 per annum exclusive on full repairing and insuring terms. The lease has no breaks and benefits from 4-yearly upward only uncapped CPI indexed-linked rent reviews. The current rent was the result of a January 2023 rent review. We are instructed to seek offers in the region of £550,000 (Five Hundred and Fifty Thousand Pounds). This represents a net initial yield of 6.1% after allowing for usual purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Property Size
564 sq ft
Costar Property Class
B
Year Built
1934
Price
£550,000
Price per sq ft
£975.18
Yield
6.10%
NOI
£33,550
Tenancy
Single
Number of Floors
1
Typical Floor Size
564 sq ft
Plot ratio
1.00
Total Plot Size
0.01 ac
AMENITIES
- Signage
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106A Mollison Way
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