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Canalside Studios 2-4 Orsman Rd 32,293 sq ft 100% Let Office Property London N1 5QJ £8,500,000 (£263.21/sq ft) 8.10% Net Initial Yield
Investment Highlights
- Overground transport links
Executive Summary
Freehold investment opportunity at Canalside Studios, strongly positioned residential led asset, in an excellent location. 3312 sq ft of Commercial space on ground floor, 11420 sq ft of residential space. Occupancy rate of 100%.
Outline planning granted for 4x residential units and 4650 sq ft of class E commercial.
Immediate gross income is £694,780, with stable, long-term tenants.
Outline planning granted for 4x residential units and 4650 sq ft of class E commercial.
Immediate gross income is £694,780, with stable, long-term tenants.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
32,293 sq ft
Costar Property Class
B
Year Built
1928
Price
£8,500,000
Price per sq ft
£263.21
Yield
8.10%
NOI
£688,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
13,335 sq ft
Plot ratio
2.02
Total Plot Size
0.37 ac
Amenities
- Security System
- Common Parts WC Facilities
- High Ceilings
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Canalside Studios | 2-4 Orsman Rd
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