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Connect House, 133-137 Alexandra Road, Connect House, SW19 7JY

For sale: £16,000,000.00|20575 Sq Ft|Office, Offices

PROPERTY DETAILS

FOR SALE£16,000,000.00
SIZE20575 Sq Ft
ADDRESSConnect House, 133-137 Alexandra Road, Connect House, London, SW19 7JY
TYPEOffice, Offices
TENUREInvestment Opportunity
POSTED ON28th November 2020

DESCRIPTION

Investment opportunity in the heart of South West London, adjacent to Wimbledon Station. - • Grade A multi-let office investment opportunity in a core Greater London location.
• Prominently positioned in the heart of Wimbledon’s business district, immediately adjacent to Wimbledon Station.
• Exceptional connectivity, that will be enhanced by Crossrail II, with quick access to the District Line, London Overground and National Rail services.
• Grade A office comprising 20,575 sq ft (1,912 sq m) NIA of office accommodation over ground and three upper floors.
• Excellent energy efficiency credentials with EPC B rating and BREEAM Excellent.
• Multi-let to four diverse tenants including Morrisons Solicitors, Club Med, Crunch Communications and WSM Partners.
• WAULT of 4.7 years to expiries.
• Freehold.
• Limited cap-ex as extensively refurbished in 2014.
• Passing rent of £888,867 per annum; equating to a low £43.20 per sq ft.
• Current passing rent 27% below ERV offering significant reversionary potential, with two outstanding rent reviews likely to drive performance in the short term.
• Offers are sought in excess of £16,000,000 (Sixteen Million Pounds), reflecting a low capital value of £752 psf and an attractive net initial yield of 5.20%.

LOCATION

Location: Connect House, 133-137 Alexandra Road, Connect House, London, SW19 7JY

Wimbledon (0.1 miles)

South Wimbledon (0.8 miles)

Wimbledon Park (0.9 miles)

Wimbledon (0.1 miles)

Haydons Road (0.7 miles)

Wimbledon Chase (1.0 miles)

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