Unit 6C, Cally Yard, Caledonian Road, London N7



Unit 6C, Cally Yard, Caledonian Road, London N7

  • Income£205,023
  • Yield7.5%
  • SectorOffice
  • StatusUnder Offer

High Yielding Newly Built Office Investment


  • The property has an EPC rating of A and BREEAM ‘Excellent’.
  • Located on Caledonian Road, 4 minutes’ walk to Caledonian Road Underground Station (Piccadilly Line) and 6 minutes’ walk to Caledonian Road & Barnsbury Station (Overground).
  • Part of a popular mixed use office campus with circa 60,000 sq ft of offices, residential and a gym let to the Gym Group close to the established Knowledge Quarter of King’s Cross.
  • First floor self-contained unit providing 4,506 sq ft (418.62 sq m) with own front door part of the London Square mixed-use development.
  • Let to Life Sciences Tenant, Quantum Motion Technologies Ltd who are expanding their footprint on the campus having successfully completed a £42 million fundraise in Q1 2023.
  • Let on a new effective full repairing and insuring lease for a term of 5 years from 27 March 2023 at a rent of £205,023 per annum (equal to £45.50psf).
  • Seeking offers in excess of £2.56m (TWO MILLION FIVE HUNDRED AND SIXTY THOUSAND POUNDS) for the Virtual Freehold (992 years remaining) at a peppercorn.
  • Initial yield of 7.5% after allowance for purchaser’s costs of 6.8%.