Fully refurbished prime multi-let office investment

Wimbledon is regarded as the most attractive office market in West London and the South East. The property has set the current prime office rent in Wimbledon at £56.00 psf. Each new leasing deal at the property since refurbishment has resulted in a new prime headline rent being set. Income of £2,099,224 per annum, reflecting an average rent of £52.87 per sq ft. In 2019 the property benefitted from an extensive £11m (£275 psf) refurbishment creating one of the highest quality office buildings in West London and the wider South East. The property comprises a 39,961 sq ft Grade A office building over ground and four upper floors. EPC rating of B-27 sits in line with MEES 2030 target ensuring minimal future capex liability. Excellent income length with a WAULT to breaks of 5.1 years and 10.1 years to lease expiries. Forecast NABERS Rating of ‘5.5 Stars’ following pre-assessment.