Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 10070710795
Building Area
Land Area ()

Property Description

A unique opportunity to purchase a landmark multi-let office building comprising 134,289 sq ft of Grade A accommodation in an exceptional location adjacent to Twickenham railway station.

Investment Highlights

  • Regal House is a rare freehold island site of 1.6 acres in a prominent position on London road
  • Twickenham is a vibrant West London location with excellent connectivity and direct trains providing access to Central London in less than 20 minutes
  • 91% occupied by 27 tenants with a topped-up rent of £3,801,272 per annum, with an average rent of £27.96 per sq ft
  • Prime West London office rents are currently £59.00 psf, with forecast rental growth of 2.0% over the next 4 years
  • WAULT of 4.3 years to expiry (3.4 years to break) providing a strong and diverse income profile
  • Regal House provides excellent amenity for tenants with cycle parking, showers and changing facilities, an on-site gym and bistro café
  • 174 car parking spaces equating to an excellent town centre parking ratio of 1:764 sq ft
  • Genuine asset management potential including letting the remaining vacant space and exploring the opportunity to re-gear existing lease structures to extend the WAULT and improve the rental tone
  • Offers are sought in excess of £54,800,000 (Fifty Four Million Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 6.50% exclusive of purchaser’s costs of 6.80% and a low capital value of £408 per sq ft.
Last Updated Date: 08 Oct 2021
Zara Sless
Zara Sless
Director - National Investment
Simon Verrall
Simon Verrall
Head of National Office Investment

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Last Updated Date: 08 Oct 2021

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