- High yielding multi-let office investment with alternative use potential.
- Multi-let office building occupying a prime location on High Street, Bushey, Hertfordshire.
- 10,160 sqft GIA (8,586 sqft NIA).
- Currently configured as 8 office suites, with the benefit of 32 surface-level car parking spaces.
- The property lends itself to alternative uses and may suit conversion to residential, subject to obtaining the necessary consents.
- Freehold.
PROPOSAL
Guide price £2,600,000 (Two Million, Six Hundred Thousand Pounds) subject to contract. A purchase at the guide price would reflect a Net Initial Yield of 6.92%, and a Reversionary Yield of 8.07%, assuming standard purchasers of cost of 6.4%. This reflects a low Capital Value of £256 per sqft against the GIA.
