ACRE Capital unlock Greater London Change of use potential
ACRE Capital Real Estate, acting on behalf of a US Private Equity Manager, have advised on the investment sale of Devonhurst Place, Heathfield Terrace, Chiswick to Indigo Scott for 12,875,000 reflecting a capital value of 581 per sq ft. The property comprises a multi-let court-yard office scheme of 22,143 sq ft with excellent residential change of use potential.
The property produces a total passing rent of 362,185pa., reflecting an average overall rent of 30.64 per sq ft on the let space and has a WAULT of 2.0 years to expiries and 0.8 years to breaks.
Location: Devonhurst Place, Chiswick
Property Type: Office
Transaction Type: Disposal