Cannon Wharf | Pell St
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Cannon Wharf Pell St
32,954 SF 100% Leased 4-Star Office Building London SE8 5EX $14,945,526 CAD ($454 CAD/SF) 6.31% Cap Rate
Investment Highlights
- Prime south east London location
- Situated in close proximity to Canada Water which is subject to a £4bn regeneration project
- Close to Surrey Quays Staiton
Executive Summary
Prominent building constructed in 2015 totalling approximately 32,954 sq ft (3,060.8 sq m) NIA and Net Lettable Area of 32,587 sq ft.
Residential conversion potential with residential values in the area in excess of £750 per sq ft (STP)
Offers are sought in excess of £8,250,000, reflecting a net initial yield of 6.31% after allowing for purchaser’s costs of 6.71%. A sale at this price reflects a very low capital value of £250 per sq ft on the NIA.
Residential conversion potential with residential values in the area in excess of £750 per sq ft (STP)
Offers are sought in excess of £8,250,000, reflecting a net initial yield of 6.31% after allowing for purchaser’s costs of 6.71%. A sale at this price reflects a very low capital value of £250 per sq ft on the NIA.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Tenure
Long Leasehold
Building Size
32,954 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2016
Price
$14,945,526 CAD
Price Per SF
$454 CAD
Cap Rate
6.31%
NOI
$943,063 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
4,708 SF
Building FAR
1.35
Lot Size
0.56 AC
Parking
32 Spaces (0.97 Spaces per 1,000 SF Leased)
Amenities
- Raised Floor
- Kitchen
- Bicycle Storage
- Direct Elevator Exposure
- Natural Light
- Open-Plan
- Perimeter Trunking
- Reception
- Shower Facilities
- Drop Ceiling
- Air Conditioning
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Contacts
-
Scott Tyler -
Henry Kilmister -
Freddie Foley
-
Hugh Bushell -
Arthur Landman -
Allsop
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Cannon Wharf | Pell St
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