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For Sale£2,425,000.00

Freehold for sale - Mirabel House, 117-121 Wandsworth Bridge Road

General Industrial, Distribution Warehouse, Residential, Retail - High Street, General Retail, Industrial, Retail , 6569 Sq Ft
Property type: General Industrial, Distribution Warehouse, Residential, Retail - High Street, General Retail, Industrial, Retail
Tenure: Development Opportunity, For Sale Freehold
Size: 6569 Sq Ft
Price: £2,425,000.00
Location: Mirabel house, , London, SW6 2TE
• Freehold investment sale.
• Prime location in Fulham, a densely populated and affluent
south west London suburb.
• Mixed-use building, comprising retail accommodation over
basement, ground and mezzanine floors with residential on
the first and second floors.
• Let to Howden Joinery Properties Ltd on a new 19 year
lease at a commencing rental of £120,000 per annum
exclusive.
• Guaranteed by Howden Joinery Ltd, a 5A1 covenant/FTSE 250 Company.
• 12 self-contained flats and the retail unit let to Day Lewis Plc
are sold off on long leases producing a current total ground
rent income of £1,200 per annum.
• Total income for the building is £121,200 per annum.
• Offers in excess of £2,425,000 reflecting a Net Initial Yield
of 5.00% on the whole, after deducting usual purchaser’s
costs of 5.80%. Of the total amount, £180,000 has been
attributed to the residential ground rents, reversions and
lease extension potential (valuation available upon request).
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