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68 Pentonville Rd 10,402 sq ft 100% Let Office Property London N1 9PR £4,500,000 (£432.61/sq ft) 7.56% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Strategically positioned in the heart of Angel
- Total annual income of £362,390, with the Office and Class E accommodation reflecting a highly revisionary rent of £36.79 per sq ft
- Situated less than 300 metres from Angel Underground Station with King’s Cross and St Pancras Stations nearby to the west
EXECUTIVE SUMMARY
Multi-let investment opportunity. Held on a Virtual Freehold with 993 years unexpired at a peppercorn rent.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
10,402 sq ft
Costar Property Class
B
Year Built
2017
Price
£4,500,000
Price per sq ft
£432.61
Yield
7.56%
NOI
£340,200
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
2,601 sq ft
Plot ratio
1.71
Total Plot Size
0.14 ac
AMENITIES
- 24 Hour Access
- Raised Floor
- Bicycle Storage
- Demised WC facilities
- Natural Light
- Shower Facilities
- Air Conditioning
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68 Pentonville Rd
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