Office

To buy

5 West Halkin Street, London, SW1X 8JA

Office - 2,654 Sq Ft

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Single Let Secure Office Investment In The Heart Of Belgravia

Description

Situated in the heart of Belgravia, No. 5 is conveniently located for easy access to Knightsbridge and Sloane Square underground stations and Victoria mainline, underground and bus stations. The premises therefore have good access to Gatwick and Heathrow airports. Belgravia is a truly world class location and is one of the most desirable addresses in Europe, convenient for Michelin-starred restaurants, luxury hotels, flagship stores, boutique retailers, royal parks and numerous cultural sites.

The Grade II Listed premises are arranged over the lower ground, ground and four upper floors, benefitting from their own ground floor entrance and a secondary lower ground floor entrance.

The ground floor connects to No. 4 West Halkin Street. The accommodation generally provides cellular offices, showrooms and workshop. There is a small courtyard at the rear of the premises and secure vault storage accessed from the lower ground floor and used as strong rooms.

Executive Summary:

Grade II listed office building situated in the heart of Belgravia.

2,654 sq ft of accommodation arranged over lower ground, ground and four upper floors.

Single let to Elizabeth Gage; a leading British bespoke jewellers.

Medium to long term active management opportunity.
The premises are let at a low passing rent of £118,750 per annum (£44.74 per sq ft).

Offers invited in excess of £3,000,000 for the long leasehold interest subject to contract and exclusive of VAT. Pricing at this level, reflects a net initial yield of 3.72% (assuming purchasers cost of 6.45%) and a capital value of £1,131 per sq ft.

Amenities

  • Central heating
  • Male & female WCs
  • Shower facilities
  • Kitchenette facilities
  • Pendant light fittings (main office areas)
  • Period features (including fireplaces)

Accommodation

The areas quoted below are net internal;

  • Floor
  • Size (Sq Ft)
  • Availability
  • Fourth
  • 368
  • Available
  • Third
  • 370
  • Available
  • Second
  • 389
  • Available
  • First
  • 389
  • Available
  • Ground
  • 554
  • Available
  • Lower Ground
  • 366
  • Available
  • Vault
  • 218
  • Available

* Subject to re-measurement and IPMS 3 Measurements available upon request

Lease

A new 125 year lease at a ground rent of a peppercorn.

Epc

The premises has an EPC rating of C.

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction.