13-14 BUCKINGHAM GATE LONDON SW1 - Capita Symonds

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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. 2
BUCKINGHAM PALACE MAYFAIR 13-14 BUCKINGHAM GATE GREEN PARK ST JAMES’S ST JAMES’S PARK TRAFALGAR SQUARE WESTMINSTER ABBEY LONDON EYE HOUSES OF PARLIAMENT CITY
Page 1: 13-14 BUCKINGHAM GATE LONDON SW1
Page 5 and 6: DESCRIPTION Built originally as two
Page 7 and 8: COVENANT INFORMATION TENANCIES The
Page 9 and 10: RESIDENTIAL POTENTIAL Examples of o
Page 11 and 12: PROPOSAL r Attractive Freehold peri

13-14 BUCKINGHAM GATE LONDON SW1 - Capita Symonds

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