Industrial/Logistics - For sale - Mirabel house - London
åÏ Freehold investment sale.
åÏ Prime location in Fulham, a densely populated and affluent
south west London suburb.
åÏ Mixed-use building, comprising retail accommodation over
basement, ground and mezzanine floors with residential on
the first and second floors.
åÏ Let to Howden Joinery Properties Ltd on a new 19 year
lease at a commencing rental of å£120,000 per annum
åÏ Guaranteed by Howden Joinery Ltd, a 5A1 covenant/FTSE 250 Company.
åÏ 12 self-contained flats and the retail unit let to Day Lewis Plc
are sold off on long leases producing a current total ground
rent income of å£1,200 per annum.
åÏ Total income for the building is å£121,200 per annum.
åÏ Offers in excess of å£2,425,000 reflecting a Net Initial Yield
of 5.00% on the whole, after deducting usual purchaserå's
costs of 5.80%. Of the total amount, å£180,000 has been
attributed to the residential ground rents, reversions and
lease extension potential (valuation available upon request).