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114-116 Rochester Row 15,211 sq ft 100% Let Office Property London SW1P 1JQ £9,500,000 (£624.55/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominently located in the heart of Victoria and Westminster, situated close to Vincent Square.
- All apartments are let on ASTs, save for the 1st floor 2-bed apartment, which is currently vacant.
- The property offers fantastic revisionary potential with an Estimated Rental Pricing (ERP) of £397,000 per annum
- Corner property comprising 9 apartments and 1 commercial unit with an NSA/NIA of 8,805 sq ft and GIA of 11,073 sq ft
- The commercial element is let to Medical Diagnostic Victoria Limited at an annual rent of £65,000.00 (£27.09 per sq ft).
EXECUTIVE SUMMARY
The property comprises a 5-storey mixed-use building, with commercial on the ground floor and basement and residential on the upper floors.
The apartments provide comfort cooling, with the 5th floor apartments benefitting from roof terraces. The commercial element is currently fitted out as medical consulting rooms with their own independent ground floor entrance from 170 Vauxhall Bridge Road
The apartments provide comfort cooling, with the 5th floor apartments benefitting from roof terraces. The commercial element is currently fitted out as medical consulting rooms with their own independent ground floor entrance from 170 Vauxhall Bridge Road
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
15,211 sq ft
Costar Property Class
B
Year Built
1900
Price
£9,500,000
Price per sq ft
£624.55
Yield
6%
NOI
£570,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
2,173 sq ft
AMENITIES
- 24 Hour Access
- Bus Route
- Local Shop
- Raised Floor
- Security System
- Signage
- Storage Space
- Recessed Lighting
- Air Conditioning
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114-116 Rochester Row
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