Instructions
2 QUEEN’S SQUARE, ASCOT
SOLD
Details:
Prime South East office investment.
- Modern Grade A south east office building.
- Located in the affluent Berkshire town of Ascot.
- Self contained building totalling 906.83 sq m (9,761 sq f).
- Fully let producing a rental of £217,981 pa (£23 psf).
- Proven reversion with an ERV of £246,800 pa (£26 psf).
- Established rental growth of around 10% pa over the last 4 years.
- AWULT to expiry 8.5 years (4.7 years to break).
- Virtual freehold (999 years).
- Price £3,400,000 which reflects NIY of 6.00%, a reversionary yield of 6.8%.