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Private listing

Trophy asset located in Oslo city center

Oslo, Norway

88%

Upon request

Mixed use

Core+

21 Oct 2022

#14773

Property Details

4,228 m²

Gross area

11

Freehold

For sale

Broker

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Historic Property from 1882 in Oslo City Center. The Property is located at Solli Plass, in an affluent part of the city center of Oslo. The area is a popular office and retail district as well as being Oslo’s perhaps most prominent residential neighborhood. The Property is located with immediate access to public transportation. This historical property was constructed in 1882 and has been in the possession of its current owners for over a century. Totaling approximately 4,228 m2, it is primarily divided between offices (3,071 m2 ) and retail areas (705 m2 ) in addition to 452 m2 of leasable storage areas. Gross rental income in 2023E amounts to approx. NOK 13.6 million, of which the office amounts to 69% and retail amounts to 29%. WAULT is 4.1 years. The property has a upside potential on current rent. According to Arealstatistikk, the average top 25 % rent and average top 50% rent in the area are 50% and 8% above the current rent level respectively.