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19-20 Grosvenor Pl 21,070 sq ft 100% Let Office Property London SW1X 7HT £10,500,000 (£498.34/sq ft) 7.88% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Two interconnected, highly desirable Grade II Listed buildings offering unparalleled views over the gardens of Buckingham Palace
- The accommodation totals 21,070 sq ft (1,957.4 sq m) NIA across lower ground, ground, mezzanine and four upper floors
- Behind its striking façade, the building provides prime open-plan office space with flexible layouts
- Situated on the border of Belgravia and Victoria, moments from Hyde Park Corner and Victoria Station
- Recent refurbishment works include the renovation of the reception and communal areas, along with cleaning and repairs to the façade
- Highly diversified income derived from eight tenants providing a gross passing rent of £982,658 per annum
EXECUTIVE SUMMARY
19-20 Grosvenor Place consists of two striking interconnected mid-terrace buildings with views over the gardens of Buckingham Palace.
The building boasts strong fundamentals with substantial floor-to-ceiling heights and highly adaptable floorplates that lend themselves conveniently to sub-divsion, allowing for the ability to incorporate a managed or flexible office offering.
The building boasts strong fundamentals with substantial floor-to-ceiling heights and highly adaptable floorplates that lend themselves conveniently to sub-divsion, allowing for the ability to incorporate a managed or flexible office offering.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
21,070 sq ft
Costar Property Class
B
Year Built
1855
Price
£10,500,000
Price per sq ft
£498.34
Yield
7.88%
NOI
£827,887
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
3,512 sq ft
Plot ratio
0.79
Total Plot Size
0.61 ac
AMENITIES
- 24 Hour Access
- Courtyard
- Security System
- EPC - E
- Storage Space
- Lift Access
- Air Conditioning
- Balcony
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19-20 Grosvenor Pl
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