The Edge, Brixton, 86-88 Valentia Place, London SW9 | Long Income Investment Opportunity
86-88 Valentia Place, Brixton, London SW9
- Single-let office investment opportunity located in the heart of Brixton and South London’s commercial property market.
- Excellent transport connections with Brixton Overground and Underground stations within very close proximity (0.3 miles) to the property.
- New, highly specified offices comprising 10,813sq ft NIA (11,591 sq ft GIA) over ground floor with state-of-the-art animation studio fit-out and a large outdoor private terrace.
- Excellent ESG credentials - EPC rating of B29 and BREAAM ‘Very Good’ rating.
- The property is to be let to Jellyfish Pictures Limited on a new 15 year FRI lease from completion of the sale agreement with no
tenant break options and 5 yearly open market rent reviews.
- Virtual freehold ownership by way of a 999 year lease from 1st September 2016 at a peppercorn rent.
- Total income of £448,740 per annum reflecting £41.50 per sq ft overall and below current prime Brixton rents of £47.50 per sq ft offering good prospects for rental growth at future rent reviews.
- We are instructed to seek offers in the region of £7,000,000
subject to contract and exclusive of VAT. Pricing at this level reflects an attractive net initial yield of 6.01% and a low capital value of assuming purchaser’s costs of 6.65%.