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106A Mollison Way 564 SF Office Building Edgware HA8 5QT $750,546 ($1,330.76/SF) 6.10% Cap Rate
Investment Highlights
- Freehold Investment for Sale
Executive Summary
The property is let to Confident Dental Practices Limited for a term of 40 years from 11th February 2011 at a current rent of £35,206.06 per annum exclusive on full repairing and insuring terms. The lease has no breaks and benefits from 4-yearly upward only uncapped CPI indexed-linked rent reviews. The current rent was the result of a January 2023 rent review. We are instructed to seek offers in the region of £550,000 (Five Hundred and Fifty Thousand Pounds). This represents a net initial yield of 6.1% after allowing for usual purchaser’s costs.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Building Size
564 SF
Building Class
B
Year Built
1934
Price
$750,546
Price Per SF
$1,330.76
Cap Rate
6.10%
NOI
$45,783
Tenancy
Single
Building Height
1 Story
Typical Floor Size
564 SF
Building FAR
1.00
Lot Size
0.01 AC
Amenities
- Signage
1 1
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106A Mollison Way
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