Sydenham Road, Guildford

Centrally located office investment let to a single tenant at a high property yield. Our business plan was to allow the lease to expire, negotiate a dilapidations payment and refurbish and relet on a floor by floor basis. The property was bought in 2006 and the original occupational lease expires in 2010 so the refurbishment and re-letting occurred during the recession. Subsequently, the immediate area changed in character to predominantly residential and with a good car parking ratio and flexible accommodation we secured residential planning consent and sold on to a developer.

IRR

11%

PA

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IRR 11% PA

Sydenham Road, Guildford

ABOUT THIS PROPERTY

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RELATED INVESTMENTS

CONTACT US

c/o Hentons
Stag House
Old London Road
Hertford, SG13 7LA

T+44 (0)20 7518 1620

cth@cityandprovincialsecurities.co.uk djh@cityandprovincialsecurities.co.uk djmd@cityandprovincialsecurities.co.uk

Sydenham Road, Guildford