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Bradley House & St Albans House, 26 St Albans Lane, Golders Green, London, NW11

Rarely available multi-let office & light industrial investment opportunity in a sought-after North-West London location. 

• Multi-Let Office & Light Industrial Investment Opportunity.

• Located in Golders Green, North-West London.

• Extremely well located:

– Adjacent to Golders Green Underground Station (Northern Line) & National Bus / Coach Terminal.

– Within easy reach of Central London.

– The numerous retail & restaurant amenities of Golders Green.

• Freehold.

• Providing 20,648 sq ft NIA.

• 34 units ranging from 74 sq ft up to 5,600 sq ft.

• Let to 25 tenants providing a diverse range of income.

• Total current passing rent of £273,359 pa providing an average rent of just £13.24 per sq ft.

• WAULT to expiry of 2.78 years and 1.35 years to breaks.

• Opportunity to take advantage of heightening demand for small business units.

• Attractive asset management opportunities and ability to add value.

• We are instructed to seek offers in excess of £5,500,000 subject to contract and exclusive of VAT.

A purchase at this level reflects:

• £266 per sq.ft capital value.
• 8.80% potential reversionary yield.
• 4.66% net initial yield (Assuming standard purchaser’s costs of 6.62%).