Spencer House, 23 Sheen Road, Richmond, Surrey

  • $15,740,000
For Sale

Spencer House, 23 Sheen Road, Richmond, Surrey

  • $15,740,000


  • Shop, Commercial
  • Property Type


A little more about the property

> Spencer House provides a compelling office investment opportunity with reversionary and asset enhancement potential, prominently located in the prime Greater London submarket of Richmond.
> The property is prominently positioned on a 0.53 acre site and comprises a self-contained office building arranged over ground and four upper floors totalling approx. 28,790 sq ft NIA.
> The property is fully let to six tenants providing a WAULT of 3.6 years to expiries and 2.5 years to breaks.
> Total passing rent of £1,217,784 pa equating to a low average passing rent of £43.45 per sq ft.
>Offers are sought in excess of £15,740,000 (Fifteen Million, Seven Hundred and Forty Thousand Pounds). A purchase at this price reflects an attractive Net Initial Yield of 7.25% and a capital value of £547 per sq ft overall, assuming standard purchaser’s costs of 6.73%.

Property features

Net Initial Yield 7.25%

Air Conditioning

Raised access flooring

Suspended ceilings

9 Parking spaces



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  • Address Spencer House, 23 Sheen Road, Richmond, Surrey, TW9

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  • City London


Updated on November 15, 2023 at 6:34 am
  • Price: $15,740,000
  • Property Type: Shop, Commercial
  • Property Status: For Sale

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