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Tiger House Burton St 2,765 sq ft Office Property London WC1H 9BY £2,000,000 (£723.33/sq ft) 7.13% Net Initial Yield
Investment Highlights
- Income producing, mixed use commercial building
- Residential long leases co-terminous with head lease
- Comprising 2 self contained studio offices occupied under license and 12 flats sold off on long leases
- Held on a long lease expiring in circa 120 years and with a ground rent of £400 PA
- Office licenses on 3 months break notices
- Total net income of £142,550 PA
Executive Summary
Tiger House is an award winning mixed use development that was constructed in 1999 and comprises 2 self contained studio offices within a courtyard environment along with 9 residential apartments with associated secure car parking. RIBA described the development as “urban keyhole surgery of the utmost finesse”. The 2 studio offices are income producing and occupied under licences. The 9 flats are sold off on long leases predominantly with 120 years remaining. 39 Burton Street is connected to Tiger House via the secure car park and sits above the southern entrance. It was constructed in the 1920’s and comprises 3 flats which are also sold on off on long leases with some 120 years remaining
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Studio / Creative Space
Property Size
2,765 sq ft
Costar Property Class
B
Year Built
1997
Price
£2,000,000
Price per sq ft
£723.33
Yield
7.13%
NOI
£142,550
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,495 sq ft
Amenities
- 24 Hour Access
- Courtyard
- Skylights
- Wheelchair Accessible
- Air Conditioning
- Balcony
- Fiber Optic Internet
- End of Trip Facilities
- Shower Facilities
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Tiger House | Burton St
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