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Station Rd 53,871 sq ft Office Property Leatherhead KT22 7BA £23,070,000 (£428.25/sq ft) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Secure Car parking
- Catering facilities
- Solar panels
EXECUTIVE SUMMARY
We have been instructed to seek offers in excess of £23,070,000 (Twenty Three Million and Seventy Thousand Pounds). A purchase at this level would reflect a net initial yield of 6.25% and a capital value of £428 per sq ft subject to contract and exclusive of VAT.
The running yield at review is forecast to reach 7.48% in 2028 & to 8.40% in 2033.
The running yield at review is forecast to reach 7.48% in 2028 & to 8.40% in 2033.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
53,871 sq ft
Costar Property Class
B
Year Built
1989
Price
£23,070,000
Price per sq ft
£428.25
Yield
6.25%
NOI
£1,441,875
Tenancy
Single
Number of Floors
2
Typical Floor Size
27,000 sq ft
Parking
30 Spaces (0.6 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
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Station Rd
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