Office for sale in Whitefriars Avenue, Harrow HA3

High Yielding Serviced Office Investment.

Former Windsor & Newton paint factory.

Office accommodation with reversionary income and redevelopment potential.

Well positioned within a prominent pitch in Harrow, 10 minute walk from Harrow & Wealdstone Station (Overground, Underground & National Rail).

Comprising of 11,130 sq ft NIA.

Comprehensively refurbished over previous years with significant landlord capital expenditure. EPC rating of B.

Passing rent of £483,385 per annum.

Multi let with an occupancy rate of 100%.

Freehold

The property provides an excellent opportunity to unlock potential through development and conversion. Not encumbered by an article 4 restriction.

We are instructed to seek offers at a Guide of £4,300,000 (Four Million, Three Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at the asking price would reflect a Net Initial Yield of 8.55% and a Reversionary Yield of 9.13%, assuming standard purchased costs of 6.56%, and a low capital value of £386 per sq ft NIA.