Office Property for Sale in London

Explore the Latest London Office Properties for Sale - Page 13

Including town-centre offices, serviced suites, business park buildings, co-working spaces, and converted period offices.

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Makers Bay

Mixed Types for Sale
Price Upon Request
6 Properties | Mixed Types

London Portfolio of properties for Sale - Cricklewood

The Opportunity • A unique opportunity to invest and develop into an outstanding Greater London location, neighbouring the Brent Cross-Cricklewood regeneration zone. • Located in Zone 3 on the A5 Edgware Road / Cricklewood Broadway, North-West London. • Approx. 7 minute walk from Cricklewood Thameslink Station. • Substantial and active frontage of 420 feet on to Cricklewood Broadway, and to the rear on Hassop Road. • Total site area of 1.55 acres (0.63 ha). • Currently comprising a mix of retail, offices and light industrial uses totalling c.115,000 sq ft, together with substantial car parking at roof level. • The site is currently 80% let and income producing with the majority of the tenants either holding over or on tenancies at wills. The current rental income totals £464,897 per annum reflecting an extremely low overall rent of only £5.07 per sq ft on the let space. • Highly reversionary income with a blended ERV of between £20 - £25 per sq ft, therefore taking the total rent roll on the existing up to between £2.3m - £2.9m per annum. • Freehold. • The site benefits from a planning consent for a mixed-use scheme comprising 157 co-living studios, 8 apartments, 28,385 sq ft of retail / event space and 23,702 sq ft of light industrial, with a total GIA of 208,326 sq ft. • Scope for a variety of alternative uses including but not limited to leisure, hospitality, self-storage, healthcare, co-working (stp). • Unconditional offers sought in excess of £22,500,000 subject to contract and exclusive of VAT for the benefit of the freehold interest. A purchase at this level will reflect a low capital value of only £195 per sq ft on the existing GIA, and £108 per sq ft on the consented GIA.

Contact:

Burlington Green Partners

Property Subtype:

Mixed Types

Date on Market:

01/03/2024

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45 Laud St & 112 High St

Office for Sale
Price Upon Request
19,193 sq ft
2 Office Properties

Croydon Portfolio of properties for Sale - Croydon, London

FOR SALE WITH VACANT POSSESSION AS ONE LOT. Comprising a total of 17,695 sq ft NIA. 112 High Street: existing use as D1 Educational – 7,669 sq ft (NIA). 45 Laud Street: existing use as B1 offices – 10,026 sq ft (NIA). Both buildings are offered with full vacant possession. Both buildings need work to upgrade them for letting purposes. There is strong occupational leasehold interest in both buildings. Regarding residential conversion – Croydon has an Article 4 Direction controlling the conversion of office buildings to residential use under PDR. Offers are invited on a strictly non conditional basis. OFFERS IN EXCESS OF £3.2m for both buildings.