13-14 BUCKINGHAM GATE LONDON SW1 - Capita Symonds

INVESTMENT SUMMARY
r Freehold multi-let office investment.
r Within 50 metres of Buckingham Palace.
r Attractive Grade II listed building totalling 12,515 sq ft.
r Redeveloped behind the retained façade.
r Close to excellent transportation links.
r Current income of £459,324 p.a.
r Low average passing rent of £37.65 per sq ft.
r Range of expiry dates providing opportunities to add value through asset management.
r Potential to redevelop or extend further behind the retained façade.
r Significant development in the immediate and wider Victoria area.
r Value underpinned by potential residential conversion.
We are instructed to seek offers in excess of £9,650,000 (Nine Million Six Hundred and Fifty
Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 4.50% assuming usual acquisition costs of
5.80%.
This reflects a capital value of £771 per sq ft on the net internal area and £652 per sq ft on the
approximate gross internal area.
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