Hanover Green Launches Richmond Freehold Office Investment To The Market
July 13, 2021
On behalf of ASI, Hanover Green have brought to market Avalon House, Richmond, TW9. A rare opportunity to acquire a Grade A office freehold in the affluent West London Market. The building comprises 28,400 sq. ft. over ground to third floors, with 35 car parking spaces, let in it’s entirety to Micro Focus Software UK Limited on a lease until April 2025. The guarantor is D&B rated 5A1.
We are seeking offers in excess of £15.25m subject to contract, which would reflect an attractive net initial yield of 6.29% off the passing rent of just £36.00 per sq. ft., and low capital value of £537 per sq. ft. Please contact Simon Hall, Jonathan Webb or David Cuthbert for more information.
