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Manorgate House 2 Manorgate Rd 8,019 sq ft Office Property Kingston Upon Thames KT2 7AL £1,500,000 (£187.06/sq ft) 9.30% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Situated some 300 metres from Norbiton railway station
- Great transport links
- Kingston town centre is some 7 minutes walking distance away
EXECUTIVE SUMMARY
Prime freehold for sale listing for offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield in region of 9.3%, assuming purchaser’s costs of 6.7%with a low capital value of £187 per sq ft .
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
8,019 sq ft
Costar Property Class
B
Year Built
1988
Price
£1,500,000
Price per sq ft
£187.06
Yield
9.30%
NOI
£139,500
Tenancy
Single
Number of Floors
3
Typical Floor Size
2,691 sq ft
Plot ratio
1.08
Total Plot Size
0.17 ac
Parking
4 Spaces (0.5 Spaces per 1,000 sq ft Leased)
AMENITIES
- Air Conditioning
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Manorgate House | 2 Manorgate Rd
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