The Power House, 70 Chiswick High Road, London W4 1SY
Offices, Recording Studio & Flats
- Freehold
- The Power House provides a rare opportunity to acquire an iconic and award winning recording studio that is renowned to be a global leader in the industry
Well located just off Chiswick High Road within 7 minutes walk from Turnham Green Underground Station (District Line & Piccadilly Line) - The building comprises offices and recording studios with a net lettable floor area of 21,268 sq. ft and a Gross internal floor area of 48,742 sq ft. Constructed within the roof, with a separate access, are 19 flats which have been sold off on long lease
- The property is let to Metropolis London Music Ltd with a guarantee from Industication Inc Ltd for a term certain of circa 19.75 years
- The passing rent is £548,054 pax equating to an economical £25.76 per sq. ft. The lease is subject to rent review in November 2026 and 5 yearly thereafter. The rent reviews are linked to RPI with a cap and collar at 2.00% & 5.00%
- Potential to increase the net lettable floor area by circa 38%
- We are instructed to seek offers in excess of £7,900,000 subject to contract and exclusive of VAT, which reflects a net initial yield of 6.5% increasing to minimum reversionary yield of 7.6% in November 2026. This price equates to a capital value of £371 psf on the net area and only £162 psf on the gross floor area.
| Location: | Chiswick, London |
| Type: |
Office
Alternatives
Residential
|
| Value: | £7.900,000 |
| Link(s): |
Similar Instructions
236-238 Church Road, Leyton E10 7JQ
London E10 7JB
| Size: | c. 0.410 acres |
| Value: | Unconditional Offers Invited |
