Sold

Tottenham, London, N17 – Freehold Government Let Office Building

640-656 High Road, Tottenham, London, N17 0AD

Offers in excess of £6,500,000

Property Type:
Commercial
Sub Type:
Office
Tenure:
Freehold
Net Initial Yield:
5.1%

Income

£354,858 pa

Description

  • Attractive office building comprising 19,992 sq ft (NIA) on Tottenham High Road.
  • Let to the Secretary of State for Communities, Housing and Local Government (Job Centre).
  • First time on the market since building constructed in 1973.
  • Let for a further 8 years with no breaks.
  • Tenant has been in occupation for 47 years.
  • Current rent passing £354,858 pa (£17.75 psf).
  • PD approval for conversion of upper floors to 33 flats.
  • Offers sought in excess of £6,500,000 which shows a net initial yield of 5.1%
    and a capital value of £325 psf.