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Manorgate House 2 Manorgate Rd 8,019 SF Office Building Kingston Upon Thames KT2 7AL $2,002,029 ($249.66/SF) 9.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated some 300 metres from Norbiton railway station
- Great transport links
- Kingston town centre is some 7 minutes walking distance away
EXECUTIVE SUMMARY
Prime freehold for sale listing for offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield in region of 9.3%, assuming purchaser’s costs of 6.7%with a low capital value of £187 per sq ft .
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
8,019 SF
Building Class
B
Year Built
1988
Price
$2,002,029
Price Per SF
$249.66
Cap Rate
9.30%
NOI
$186,189
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,691 SF
Building FAR
1.08
Lot Size
0.17 AC
Parking
4 Spaces (0.5 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
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Manorgate House | 2 Manorgate Rd
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