North London multi-let office/studio investment

A rare North London, multi-let office/studio investment opportunity in Gospel Oak. Provides excellent connectivity and accessibility into Central London and across London via underground and overground networks. Comprises 46,044 sq ft of multi-let office accommodation arranged across 34 units over ground, two upper floors and an attractive internal courtyard. Vendor has comprehensively refurbished the communal areas and 23 units which have established the ERV and offer the opportunity to enhance this tone further Including under offer units, the asset is 81% occupied. Current contracted rent of £1,513,120 per annum reflecting a low average rent of £40.16 per sq ft. Attractive WAULT of 3.7 years to break and 4.3 years to expiries. 5,172 sq ft under offer across 5 units 8,741 sq ft of vacant accommodation across 7 units offering an immediate opportunity to increase net operating income. Vendor proposes to offer 18 months service charge, rates and insurance cover over the vacancy.