Sold

Gerrards Cross- Attractive South East Office and Residential Investment Opportunity

Westminster House, Packhorse Road, Gerrards Cross, SL9 8HY

Offers in excess of £1,600,000

Property Types:
Commercial, Mixed, Residential
Sub Types:
Office, Multiple Flats
Tenure:
Freehold
Net Initial Yield:
5.53%

Income

£94,368 pa

Description

  • Rarely available mixed use investment.
  • Grade II listed office and residential building in a town centre location comprising 3,712 sq ft and a large car park with 14 spaces.
  • Gerrards Cross is an affluent commuter town located in the M40 corridor and 20 miles west of central London.
  • Situated within 2 minute walk to Gerrards Cross rail station with regular services into London Marylebone (18 minutes).
  • Freehold with a site area of 0.13 acres / 0.05 hectares.
  • Fully let to five tenants producing a passing rent of £94,368 per annum exclusive.
  • Excellent rent payment record throughout the pandemic.
  • Offers sought in excess of £1,600,000.
  • A purchase at this price would reflect a NIY of 5.53% after allowing for acquisition costs of 6.53%