• Freehold

• A prominent office property at the junction of Clapham Road and Fentiman Road.

• Situated approximately 3 minutes’ walk from Oval Underground Station, providing direct Northern Line connectivity to the West End and City.

• The surrounding area benefits from a number of amenities including Kennington Park offering 15 acres of green space and leisure facilities.

• The property has been comprehensively refurbished and extends to 10,437 sq ft NIA (14,020 sq ft GIA) including a detached rear workshop / studio building.

• The building is complemented by a private communal courtyard together with four rear car parking spaces.

• Fully let to eight tenants producing a total passing rent of £411,479 per annum, equating to a low average rent of £39.43 per sq ft.

• WAULT of 3.96 years to expiries and 2.12 years to breaks.

• Opportunity to drive performance through upcoming lease events, with strong tenant retention within the building.

• Planning consent secured for an additional 3,045 sq ft GIA of office accommodation.

• EPC B

We are instructed to seek offers in excess of £5,850,000 (Five Million Eight Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this price reflects a Net Initial Yield of 6.62%, assuming purchaser’s costs of 6.32%, and a Capital Value of £561 per sq ft.