Office investment property for sale in Chiswick

This property is marketed by:
Colliers

Freehold West London Office Investment with Asset Management Opportunities and Alternative Use Potential

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

Description

The Garment Building is a refurbished warehouse-style office building located in the affluent West London suburb of Chiswick.

The property comprises a well-established serviced office, currently operating at 49% occupancy and generating gross revenues of approximately £55,000 pcm.

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 Garment Building offers strong fundamentals to a purchaser owing to its prime Chiswick location, proximity to transport infrastructure and Chiswick High Road amenities.

The property also benefits from numerous repositioning and development opportunities, which can be explored on a subject to planning basis.

On behalf of Joint Administrators.