23 Sheen Rd
Richmond TW9 1BN

Spencer House · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Located within one of London's richest boroughs
  • Amenities nearby
  • Good road connections
  • Close to train station

EXECUTIVE SUMMARY

Our client is seeking unconditional offers in excess of £11,750,000 (Eleven Million, Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 9.86% and a low capital value of £408 psf assuming purchaser’s costs of 6.71%.

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
28,790 SF
Building Class
B
Year Built
1983
Price
$14,620,065
Price Per SF
$508
Cap Rate
10.53%
NOI
$1,538,820
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
5,758 SF
Slab To Slab
10’
Building FAR
0.58
Lot Size
1.15 AC
Parking
20 Spaces (0.69 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Raised Floor
  • Signage
  • Accent Lighting
  • Energy Performance Rating - D
  • Air Conditioning
  • Listing ID: 32781004

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 23 Sheen Rd, Richmond TW9 1BN