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5 Gernon Walk 1,826 SF 100% Leased Office Building Letchworth Garden City SG6 3HW $723,992 CAD ($396.49 CAD/SF)
Investment Highlights
- Additional land with potential for extension or redevelopment.
- Walking distance to shopping, banking, and local amenities.
- Refurbished building with LED lighting and gas-fired heating.
Executive Summary
The property is held on a 150-year lease expiring in 2166, with approximately 140 years remaining. The ground rent is a peppercorn, with no rent reviews. Use is restricted to offices under the lease, with no additional title restrictions noted.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Tenure
Long Leasehold
Building Size
1,826 SF
Building Class
B
Year Built/Renovated
1904/1980
Price
$723,992 CAD
Price Per SF
$396.49 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,826 SF
Building FAR
0.04
Lot Size
1.00 AC
Parking
2 Spaces (1.33 Spaces per 1,000 SF Leased)
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5 Gernon Walk
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