Sold
Beaconsfield – South East Office & Residential Investment Opportunity
16-20 Warwick Road, Beaconsfield, HP9 2PE
- Property Types:
- Commercial, Mixed, Residential
- Sub Types:
- Office, Multiple Flats
- Tenure:
- Freehold
Income
£168,400 pa
Description
- Located within the affluent commuter town of Beaconsfield.
- Situated a 5 minute walk from Beaconsfield Train Station and Town Centre.
- The property comprises two attractive detached buildings. 16 Warwick Road provides a 5,040 sq ft self contained office. 20 Warwick Road provides three flats let on ASTs.
- Fully let to 4 tenants with a current rent of £168,400 per annum reflecting £25.20 psf on the office accommodation.
- The office accommodation is let in its entirety to Sacla UK Ltd on a 10 year lease from 22nd August 2013.
- The office benefits from 23 on-site car parking spaces, reflecting a ratio of 1:219 sq ft, each flat benefits from a garage car parking space.
- Freehold.
- Future development of the site and existing office accommodation to residential (STP).
- Offers sought in excess of £2,700,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.86% assuming standard purchaser’s costs.