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Penn House 22 Station Rd 5,684 sq ft Office Property Gerrards Cross SL9 8EL £1,400,000 (£246.31/sq ft) 6.90% Net Initial Yield
Investment Highlights
- Corner position in Town Centre
- Gross Yield c7.3%
- Upper Parts are potentially available
- Income secured over 4 retail/restaurant tenancies
- Net Yeild c. 6.9%
Executive Summary
The property consists of a small parade of commercial units comprising three lock-up shops and one restaurant on ground level. Ground floor tenants include Holland & Barrett, who have 2 leases, popular independent restaurant, Jack & Alice, and a long-established beauty business, Nails & Brows. A schedule of tenancies with approximate floor areas is available on request. Current ground floor income stands at £102,275 p.a. EPCs Vary from B to D, seeking offers in excess of £1,400,000 for the freehold interest in the buildings.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
5,684 sq ft
Costar Property Class
B
Year Built
1910
Price
£1,400,000
Price per sq ft
£246.31
Yield
6.90%
NOI
£96,600
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
1,421 sq ft
Plot ratio
0.93
Total Plot Size
0.14 ac
Parking
18 Spaces (3.17 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- -
- 1,782 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
- | 1,782 sq ft | - | - |
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Penn House | 22 Station Rd
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