106A Mollison Way 564 SF Office Building Edgware HA8 5QT $1,015,595 CAD ($1,800.70 CAD/SF) 6.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Freehold Investment for Sale
EXECUTIVE SUMMARY
The property is let to Confident Dental Practices Limited for a term of 40 years from 11th February 2011 at a current rent of £35,206.06 per annum exclusive on full repairing and insuring terms. The lease has no breaks and benefits from 4-yearly upward only uncapped CPI indexed-linked rent reviews. The current rent was the result of a January 2023 rent review. We are instructed to seek offers in the region of £550,000 (Five Hundred and Fifty Thousand Pounds). This represents a net initial yield of 6.1% after allowing for usual purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Building Size
564 SF
Building Class
B
Year Built
1934
Price
$1,015,595 CAD
Price Per SF
$1,800.70 CAD
Cap Rate
6.10%
NOI
$61,951 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
564 SF
Building FAR
1.00
Lot Size
0.01 AC
AMENITIES
- Signage
1 of 1
