- Highly desirable location overlooking Wimbledon Common.
- Let to resilient local and national businesses.
- The building provides 13,703 sq ft NIA (1,273.05 sq m) of office accommodation over ground and four upper floors.
- Strong covenant mix with 52% of income received from CreditSafe ‘A’ tenants.
- The leases provide a weighted average unexpired lease term of 3.5 years to break options and 4.9 years to expiries.
- Total passing rent of £528,530 per annum.
- The office rents reflect a low £37.77 per sq ft, providing
an opportunity for future rental growth.
- Common parts fully refurbished in 2020.
- Strong residential underpin, providing an opportunity for longer term conversion and additional development, STP.
- Attractive EPC rating of B-44 providing ESG resilience to MEES regulations.
- The building benefits from a BREEAM In-Use 'Very Good' rating, certified in 2024.
- Secure car park providing 33 spaces reflecting an excellent ratio of 1:415 to the office accommodation, unique to Wimbledon Village.
Offers are invited in excess of £7,000,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 7.10%, after allowing for purchaser’s costs of 6.65%, reflecting a low overall capital value figure of £510 per sq ft.
