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106A Mollison Way 564 SF Office Building Edgware HA8 5QT $1,022,952 CAD ($1,813.74 CAD/SF) 6.10% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Freehold Investment for Sale

EXECUTIVE SUMMARY

The property is let to Confident Dental Practices Limited for a term of 40 years from 11th February 2011 at a current rent of £35,206.06 per annum exclusive on full repairing and insuring terms. The lease has no breaks and benefits from 4-yearly upward only uncapped CPI indexed-linked rent reviews. The current rent was the result of a January 2023 rent review. We are instructed to seek offers in the region of £550,000 (Five Hundred and Fifty Thousand Pounds). This represents a net initial yield of 6.1% after allowing for usual purchaser’s costs.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Building Size
564 SF
Building Class
B
Year Built
1934
Price
$1,022,952 CAD
Price Per SF
$1,813.74 CAD
Cap Rate
6.10%
NOI
$62,400 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
564 SF
Building FAR
1.00
Lot Size
0.01 AC

AMENITIES

  • Signage
  • Listing ID: 35186623

  • Date on Market: 2025-03-19

  • Last Updated:

  • Address: 106A Mollison Way, Edgware HA8 5QT

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