Europcar House

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Commercial Income Generating Asset

Prominent office building in Bushey, close to Watford, a short walk from the town centre and retail amenities.

Modern office building comprising of circa 30,320 sq. ft with excellent parking ratio on site. High yielding asset fully let to a single tenant, a national car operator.

Obtained planning permission under permitted development for residential change of use.

Sold with planning consent to developer.

Property Type Commercial
Initial Cost £5.4m
Date Acquired Mar 2011
Net Rental Yield 11.7%
Subsequent Expenditure £1.41m
Date Sold Nov 2016
Exit Value £8.1m
Unlevered MM 1.45x
Unlevered IRR 20.5%

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