Investment Acquisition of Kings House, Harrow. Tom Paton-Smith AND Matt Moran.

Offices, Agency, Investment, Lease advisory, Planning

Harrow Council

This project was worked on by the following people, working in partnership from across our business…

  • Jonathan Best Partner, Planning, Historic Environment & Townscape
  • Simon Rogers Head of Recovery and Restructuring, Development & Valuation Consultancy
  • Maria Jones Associate, Commercial Agency and Advisory

Key information

Investment Acquisition of Kings House, Harrow

Advised Harrow Council on the purchase of the freehold interest of this office investment from Oval Real Estate for £22,910,000 reflecting £279 per sq ft, 5.5% NIY and 9.2% NRY.

Kings House comprises 82,000 sq ft of Grade B office accommodation over 8 storeys and is strategically located in the town centre opposite Harrow on the Hill railway/underground station. It is let to 3 tenants, including the government (45%), with 12% vacancy at a current passing rent of c. £1,364,000 reflecting £18.30 per sq ft.

Successful letting of Parkbury, Radlett. John Hulme AND Paul Londra.

Industrial & logistics, Agency, Lease advisory

Picton

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