Freehold West London office investment in Chiswick

This property is marketed by:
Colliers

Key Features

• Freehold
• 17,392 sq ft (1,616 sq m)
• Current gross revenues of approximately £55,000 pcm, operating at 49% occupancy
• Refurbished in 2017 at a cost of £2,500,000 (£144 psf)
• Greater London car parking ratio of 1:828 sq ft
• Numerous repositioning and development opportunities
• On behalf of Joint Administrators

INVESTMENT SUMMARY

• The Garment Building is a refurbished warehouse-style office building located in the affluent West London suburb of Chiswick, just off Chiswick High Road 
• The property provides 17,392 sq ft (1,616 sq m) of net lettable office space, set over ground, first and second floors 
• The property was formerly let to a recognised serviced office provider and is now run as a serviced office on short term tenancies via a management agreement which is terminable on three months notice 
• The centre currently generates gross revenues of approximately £55,000 pcm and is operating at 49% occupancy 
• The property was fully refurbished in 2017 at a cost of £2,500,000 (£144 psf) 
• Included within the demise is a development site at the front of the property, with potential to accommodate a three-storey building of circa 4,500 sq ft (NIA) 
• The property benefits from 21 car parking spaces which provide an excellent Greater London car parking ratio of 1:828 sq ft 
• The property is held freehold 
• The property benefits from numerous repositioning and development opportunities which can be explored on a subject to planning basis 
• The Garment Building offers strong fundamentals to a purchaser owing to its prime Chiswick location, proximity to transport infrastructure and Chiswick High Road amenities