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