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1 Vincent Sq

26,716 SF 49% Leased 4-Star Office Building London SW1P 2PT $26,883,031 CAD ($1,006 CAD/SF) 2.59% Cap Rate

Investment Highlights

  • Good road links
  • Close proximity to local amenities
  • Good transport links

Executive Summary

The Vendors are seeking offers in excess of £15 million for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 2.59% and a reversionary yield of 6.48% assuming the vacant floors are let at a rent of £45.00 per sq ft. Taking into account the purchasers cost of 6.73%, a sale at this level equates to a low capital value of £561 per sq ft.

Attachments

Vincent Square

Property Facts Sale Pending

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
26,716 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1959/2007
Price
$26,883,031 CAD
Price Per SF
$1,006 CAD
Cap Rate
2.59%
NOI
$696,271 CAD
Percent Leased
49%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
3,817 SF
Building FAR
3.41
Lot Size
0.18 AC
Parking
7 Spaces (0.26 Spaces per 1,000 SF Leased)

Amenities

  • Raised Floor
  • Security System
  • Reception
  • Roof Terrace
  • Storage Space
  • Bicycle Storage
  • Direct Elevator Exposure
  • Shower Facilities
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 4,575 SF
  • Office
  • Partial Build-Out
  • Now

There are a host of local sandwich shops, cafes and bars within a short walk, with the more substantial amenity of Victoria Street, Cardinal Place, Nova and the new Broadway development being a short walk to the north. St James’s Park Underground and Pimlico are both within a 5 minute walk, whilst Victoria is a 10 minute walk to the North.

  • 3rd Floor
  • 4,575 SF
  • Office
  • Partial Build-Out
  • Now

There are a host of local sandwich shops, cafes and bars within a short walk, with the more substantial amenity of Victoria Street, Cardinal Place, Nova and the new Broadway development being a short walk to the north. St James’s Park Underground and Pimlico are both within a 5 minute walk, whilst Victoria is a 10 minute walk to the North.

  • 4th Floor
  • 4,575 SF
  • Office
  • Partial Build-Out
  • Now

There are a host of local sandwich shops, cafes and bars within a short walk, with the more substantial amenity of Victoria Street, Cardinal Place, Nova and the new Broadway development being a short walk to the north. St James’s Park Underground and Pimlico are both within a 5 minute walk, whilst Victoria is a 10 minute walk to the North.

Space Size Space Use Condition Available
2nd Floor 4,575 SF Office Partial Build-Out Now
3rd Floor 4,575 SF Office Partial Build-Out Now
4th Floor 4,575 SF Office Partial Build-Out Now

2nd Floor

Size
4,575 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Floor

Size
4,575 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Floor

Size
4,575 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Floor

Size 4,575 SF
Space Use Office
Condition Partial Build-Out
Available Now

There are a host of local sandwich shops, cafes and bars within a short walk, with the more substantial amenity of Victoria Street, Cardinal Place, Nova and the new Broadway development being a short walk to the north. St James’s Park Underground and Pimlico are both within a 5 minute walk, whilst Victoria is a 10 minute walk to the North.

3rd Floor

Size 4,575 SF
Space Use Office
Condition Partial Build-Out
Available Now

There are a host of local sandwich shops, cafes and bars within a short walk, with the more substantial amenity of Victoria Street, Cardinal Place, Nova and the new Broadway development being a short walk to the north. St James’s Park Underground and Pimlico are both within a 5 minute walk, whilst Victoria is a 10 minute walk to the North.

4th Floor

Size 4,575 SF
Space Use Office
Condition Partial Build-Out
Available Now

There are a host of local sandwich shops, cafes and bars within a short walk, with the more substantial amenity of Victoria Street, Cardinal Place, Nova and the new Broadway development being a short walk to the north. St James’s Park Underground and Pimlico are both within a 5 minute walk, whilst Victoria is a 10 minute walk to the North.

  • Listing ID: 31279244

  • Date on Market: 2024-03-20

  • Last Updated:

  • Address: 1 Vincent Sq, London SW1P 2PT

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