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Tiger House Burton St 2,765 SF Office Building London WC1H 9BY $2,668,980 ($965.27/SF) 7.13% Cap Rate
Investment Highlights
- Income producing, mixed use commercial building
- Residential long leases co-terminous with head lease
- Comprising 2 self contained studio offices occupied under license and 12 flats sold off on long leases
- Held on a long lease expiring in circa 120 years and with a ground rent of £400 PA
- Office licenses on 3 months break notices
- Total net income of £142,550 PA
Executive Summary
Tiger House is an award winning mixed use development that was constructed in 1999 and comprises 2 self contained studio offices within a courtyard environment along with 9 residential apartments with associated secure car parking. RIBA described the development as “urban keyhole surgery of the utmost finesse”. The 2 studio offices are income producing and occupied under licences. The 9 flats are sold off on long leases predominantly with 120 years remaining. 39 Burton Street is connected to Tiger House via the secure car park and sits above the southern entrance. It was constructed in the 1920’s and comprises 3 flats which are also sold on off on long leases with some 120 years remaining
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Loft/Creative Space
Building Size
2,765 SF
Building Class
B
Year Built
1997
Price
$2,668,980
Price Per SF
$965.27
Cap Rate
7.13%
NOI
$190,232
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,495 SF
Amenities
- 24 Hour Access
- Courtyard
- Skylights
- Wheelchair Accessible
- Air Conditioning
- Balcony
- Fiber Optic Internet
- End of Trip Facilities
- Shower Facilities
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Tiger House | Burton St
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