Jessica House is a modern office building split into two blocks providing a total of 41,954 sq ft. The North Block is arranged over basement, ground, and mezzanine and first to second floors. The basement provides car parking for 20 cars accessed via a ramp from the east. There are an additional 17 surface car spaces at ground floor level. The ground and mezzanine levels are arranged to provide two separate self-contained office suites. The North Block further benefits from a terraced area on the second floor east.
The South Block is arranged over ground, mezzanine and first to fourth floors and benefits from a south facing roof terrace.
The blocks are linked by a glazed core, with reception, stairs and two passenger lifts. Jessica House as a whole provides flexible floor plates with excellent natural light and can be sub divided into smaller units.
Location
The large, affluent London Borough of Wandsworth lies only 4 miles south west of London’s West End. Wandsworth High Street is a key location in the Borough, lying between existing residential communities such as Putney and the growing leisure destinations in Wandsworth and Clapham.
Jessica House is located close to the High Street itself which benefits from a large number of independent boutique style shops. Southside Shopping Centre, which is one of the largest in South West London provides circa 600,000 sq ft of retail and leisure accommodation. Retailers include: TK Maxx, Uniqlo, Waitrose, Topshop, Virgin Active, Cineworld, Easy Gym, Wagamama and Gourmet Burger Kitchen.
Accommodation
We understand the total site represents an area of approximately 0.21 hectares (0.53 acres).
Plowman & Craven have measured the property in accordance with the RICS code of Measuring Practice (6th Edition) and report the following areas:
4th Floor - 4,019 sq ft (373.4 sq m)
3rd Floor - 4,957 sq ft (460.5 sq m)
2nd Floor - 9,034 sq ft (839.3 sq m)
1st Floor - 9,844 sq ft (914.5 sq m)
Mezzanine - 6,438 sq ft (598.1 sq m)
Ground Floor - 7,662 sq ft (711.8 sq m)
TOTAL - 41,954 sq ft (3,897.6 sq m)
Terms
TENANCY - Jessica House currently produces £639,150 pa and we understand full possession may be obtained by mid April 2018. This is primarily due to a lease expiry to Trillium on the 1st April 2018, who occupy approximately 17,815 sq ft. A tenancy schedule is available on request.
PROPOSAL - We are instructed to seek offers in excess of £21M subject to contract and exclusive of VAT for our client’s freehold interest.
A purchase at this level will show capital value of £500 psf (NIA), after allowance for unadjusted purchaser’s costs of 6.8%.
EPC:
Jessica House - D87
Ground floor to First floor North building - C63
Ground floor to First floor South building - C52
VAT - Applicable on the sale of this property