PROPERTIES

Shield House, Harmony Way, Hendon London NW4

Price£5,288,000

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Shield House, Harmony Way, Hendon London NW4

  • Income£281,850
  • Yield5%
  • SectorOffice
  • StatusUnder Offer
PDF DETAILS

20 Year Sale and Leaseback Office Investment Benefiting from Annual Fixed Increases of 2% Per Annum Underpinned by Residential Values

Summary

  • Located in the affluent North West London suburb of Hendon.
  • An 18,790 sq ft office building situated less than 5 minutes’ drive from Hendon Central Underground Station.
  • 20 year Sale and Leaseback on FRI terms to Support Trustee Ltd with a guarantee from Community Security Trust (CST) who use Shield House as their HQ.
  • Rent of £281,850 per annum (£15 psf).
  • Lease will benefit from annual fixed increases of 2% per annum until expiry.
  • Freehold
  • May be suitable for alternativeuses in the longer term, to include residential use, subject to necessary consents.
  • Offers in excess of £5,288,000 (FIVE MILLION TWO HUNDRED AND EIGHTY EIGHT THOUSAND POUNDS) subject to contract and exclusive of VAT.
  • Net initial yield of 5%, reversionary yield of 5.51% in 2026 and an equivalent yield of 6.28% after allowance for purchaser’s costs of 6.60%.
  • Low capital value of £280 psf.