Investment

Greyhound House, 23 – 24 George Street, Richmond upon Thames

Greyhound House

Rare 100% Prime Retail and Office Freehold Investment

 

  • The property is an attractive historic and prominent buildingfronting 100% prime George Street, originally constructed in 1725
  • Located in one of London’s wealthiest boroughs
  • Grade II Listed, with 2 shops and 5 office suites above
  • £600,057 per annumafter allowing for shortfalls – 54% retail  and 46% office income
  • WAULT of 6.7 years to expiry(3.6 to break)
  • Freehold
  • Excellent potential for future asset management

 

We will be seeking offers in excess of £7,500,000 subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 7.50% and a low capital value per sq ft of £434.

For further information please contact agents: