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Welby House 96 Wilton Rd 13,115 sq ft 100% Let Office Property London SW1V 1DW £5,500,000 (£419.37/sq ft) 5% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Freehold.
  • Fully let income producing asset arranged over lower ground, ground and three upper floors.
  • EPC B with nominal capital expenditure required in the short to medium term.
  • Highly reversionary income stream with strong asset management and development angles.
  • The building is located outside an Article 4 directive.
  • Prime zone 1 location, 3 minute walk from one of the UK's busiest train and bus stations (Victoria).
  • Building measures 7,688 sq. ft. NIA / 9,851 sq. ft. GIA.
  • Multi let to four tenants providing well diversified income of £295,201pa (blended £38.40psf). With a AWAULT of approximately three years to expiry.
  • Potential to change the building usage and add additional massing, STPP.

EXECUTIVE SUMMARY

Welby House is exceptionally well-connected, with Victoria Station just a 4-minute walk away. Victoria Station offers access to the Circle, District, and Victoria Underground lines, as well as rail services to destinations across southern England, including Clapham Junction, Vauxhall, Brighton, Dover, and Southampton.
Welby House offers modern office spaces in a prime Victoria location, featuring excellent transport links and top-notch amenities.
Welby House, constructed in the 1990s, is a mid-terrace building spanning lower ground, ground, and three upper floors, with floor areas ranging from 917 to 2,384 sq ft. Recently refurbished, the reception area offers access to bicycle storage, along with modern changing and shower facilities on the lower ground floor. The building features a distinguished appearance with large bay windows framed by lead panels and a London stock brick façade. Its exterior also includes a mansard and pitched slate-tiled roof, adding to its charm.
Freehold Prime zone 1 location, 3 minute walk from one of the UK's busiest train and bus stations (Victoria).
Fully let income producing asset arranged over lower ground, ground and three upper floors.
Building measures 7,688 sq. ft. NIA / 9,851 sq. ft. GIA EPC B with nominal capital expenditure required in the short to medium term Multi let to four tenants providing well diversified income of £295,201pa (blended £38.40psf). With a AWAULT of approximately three years to expiry.
Potential to change the building usage and add additional massing, STPP.
The building is located outside an Article 4 directive.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
13,115 sq ft
Costar Property Class
B
Year Built
1997
Price
£5,500,000
Price per sq ft
£419.37
Yield
5%
NOI
£275,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
1,538 sq ft
Floor To Floor Height
10 ft
Plot ratio
2.51
Total Plot Size
0.12 ac

AMENITIES

  • Local Shop
  • Raised Floor
  • Kitchen
  • Open-Plan
  • Suspended Ceilings
  • Listing ID: 33434578

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 96 Wilton Rd, London SW1V 1DW

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