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Multi-let Office Investment

Borehamwood, United KingdomUnlock address

91%

€21.750.000

Office

#12897

Core+, Value-Add

5 Apr 2024

Property Details

Broker

For sale

68,305 sq.ft.

6,346 m²

Leasable area

318 €/sq.ft.

3,427 €/m²

6.50 %

7

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Modern development of seven adjoining office buildings set in attractive landscaped grounds. High-quality office accommodation, extending to 68,305 sq ft. Offers the ideal opportunity for future redevelopment, subject to necessary consents. Situated upon a strategic redevelopment site of 3.59 acres with excellent connectivity 0.5 miles from the A1. 347 car parking spaces, reflecting an excellent ratio of 1:197 sq ft. Multi-let to seven tenants offering attractive income diversification with a WAULT of 6.02 years to expiry and 4.24 years to break. Passing rent of £1,509,004 per annum, reflecting a low overall rent of £22.09 per sq ft. Numerous asset management opportunities.