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Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A
Key Features:
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 55 Baker Street, London, W1U 8AN
Full Description: • Newhall Hill Apartments is a freehold block comprising 24 apartments • The whole property is let on a full repairing and insuring lease, to a residential serviced lettings operator for 10 years from Jan-2022• Benefitting from yearly rental increases from 2025• Current passing rent is £207,500 pa which increases to £283,978 pa in 2032 as per the agreed increases set out in the lease. The next increase is January 2025, and the rent increases to £215,800• The building measures approximately 12,636 sq ft NSA *based on EPCs• EPCs all benefitting from ratings of B - C• Benefitting from 0% operational expenditure leakage during the term of the FRI lease• Including 17 car parking spaces• Guide price of £4,250,000, which reflects a 4.88% NIY (which reflects a 6.68% NIY in 2032)Located in Birmingham's Jewellery QuarterBrochuresMore Details
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