8 Orsman Road, De Beauvoir, London, N1 5QJ
Multi-Let Office and Restaurant Investment Opportunity adjacent to Regent's Canal4,500,000
15,054 sq ft
investment
For Sale
Key features
- 15,054 sq ft (NIA)
- Rents reserved, including Vendor top ups, £436,101 per annum
- Immediate asset management opportunity
- WAULT of approximately 1.2 years to break and 2.8 years to expiry, based upon a topped-up income of £410,101 per annum and excluding ancillary car parking income
- Net Initial Yield of 9.07%
- 15 secure car parking spaces
- Recent transaction at £37.51 per sq ft suggesting highly reversionary
- 999 year ‘virtual freehold’
- Situated in De Beauvoir, one of East London's most sought after sub-markets
Property Description
8–10 Orsman Road comprises a purpose built, c.15,000 sq ft (NIA) multi-let mixed use office and restaurant investment fronting the Regent’s Canal. The property provides a rare opportunity to acquire a 999-year virtual freehold interest in a characterful asset within one of East London’s most established commercial locations. The building is situated in De Beauvoir, a sought after micro-submarket within the larger Haggerston area. De Beauvoir has rapidly evolved into one of London's most dynamic
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