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Pelican Portfolio

3 Office Properties Offered at $48,528,145 in Multiple Locations

Investment Highlights

  • Unique opportunity to acquire four Greater London and South East office buildings
  • All four properties are situated in established commercial centres which benefit from excellent road and rail transport links into Central London
  • The properties can be acquired as a portfolio or on an individual basis

Executive Summary

Four property portfolio for sale currently 78% multi-let to 15 tenants with occupiers including Secretary of State, Manpower UK Limited, Handelsbanken Plc, IBB Law LLP, Kennedy’s Law LLP, Allianz and Daisy Corporate Services Trading Limited.
The properties can be acquired as a portfolio or on an individual basis.
Offers are invited in the region of £39,060,000 (Thirty Nine Million Sixty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 10.25% and a low capital value of £177 per sq ft assuming standard purchaser’s costs.

Property Facts

Price $48,528,145
Price / SF $327.86 / SF
Cap Rate 10.25%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 148,017 SF
Total Land Area 1.09 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Greenwood House
91-99 New London Rd, Chelmsford CM2 0PP
Office 53,749 SF 1985 -
One Gloucester Place
Gloucester Pl, Brighton BN1 4AA
Office 37,022 SF 1997 -
Capital Court
27-31 Windsor St, Uxbridge UB8 1AB
Office 57,246 SF 2001 -
Show More > < Show Less
  • Listing ID: 32243437

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: Pelican Portfolio, Chelmsford, ESS

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