Concept House comprises a Grade A multi-let office with current active asset management constructed in 2014.
Located in Home Park Industrial Estate in Central Kings Langley just a short walk to the high street and Kings Langley railway station.
The commuter village of Kings Langley sits on the River Gade and The Grand Union Canal just 21 miles north-west of the heart of London, three miles south of Hemel Hempstead and four miles north of Watford.
Concept House comprises 26,150 sq ft / 2,429 sq ft (NIA) of self-contained offices over ground and two upper floors.
Current passing rent £312,625 per annum.
Multi-let to four tenants with high specification modern vacant units on the Ground, First and Second Floors.
Strong tenant demand as proved by the recent new lettings, and active enquiries.
A WAULT of 1.73 years to break, 4.67 years to expiry.
Prime headline rents in Kings Langley are now at £27.50 psf, providing strong future reversionary potential.
EPC B (49).
Freehold.
PROPOSAL
Offers are sought with a Guide of £5,000,000 (Five Million Pounds) subject to contract and exclusive of VAT.
A purchase at this price reflects an attractive reversionary yield of 13.53% and a low Capital Value of £191 psf after allowing for purchasers costs of 6.59%
