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Windsor & Newton Building

High Yielding Serviced Office Investment
For sale

High Yielding Serviced Office Investment.
 

Former Windsor & Newton paint factory.
 

Office accommodation with reversionary income and redevelopment potential.
 

Well positioned within a prominent pitch in Harrow, 10 minute walk from Harrow & Wealdstone Station (Overground, Underground & National Rail).
 

Comprising of 11,130 sq ft NIA.
 

Comprehensively refurbished over previous years with significant landlord capital expenditure. EPC rating of B.
 

Passing rent of £483,385 per annum.
 

Multi let with an occupancy rate of 100%.
 

Freehold
 

The property provides an excellent opportunity to unlock potential through development and conversion. Not encumbered by an article 4 restriction.

We are instructed to seek offers at a Guide of £4,300,000 (Four Million, Three Hundred Thousand Pounds), subject to contract and exclusive of VAT.
 

A purchase at the asking price would reflect a Net Initial Yield of 8.55% and a Reversionary Yield of 9.13%, assuming standard purchased costs of 6.56%, and a low
capital value of £386 per sq ft NIA.

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