Office

16 South Park, Sevenoaks, Kent 

 

Price: £7,138,000 - Initial Yield:5.57%

Date: Q3 2017

Acting on behalf of The Milton Group we advised on the sale of this south east office investment to Martin's Properties Holdings for £7.138m, reflecting a net initial yield of 5.57%. 

The property comprises a multi-let office building of 20,199 sq ft (1,876.55 sq m) over ground, first and second floors. Let to five tenants with an attractive AWULT of 6.4 years to expiry (5.5 years to break). Total rent received is £424,684.33 per annum, equating to a low rent of £20.37 per sq ft on the office income. There are several asset management initiatives together with longer term residential conversion and extension options (both subject to planning).

Contact

Matthew Brown

Tel: 020 7493 3330
Mob: 07836 724 420
mbrown@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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