One Six Six at 166 College Road is an office building in Harrow, Middlesex HA1.
The building compromises 34,655 sq. ft (3,220 sqm) of modern office space.
Harrow is an established commercial centre situated approximately 10 miles north-west of Central London and One Six Six is a five-minute walk from Harrow-on-the-Hill train station.
2019 November - CLS exchanges contracts to acquire One Six Six for £13.8 million excluding costs. Completion is expected in January 2020. The property is currently multi-let to eight tenants with a WAULT of 4.8 years to breaks (7.9 years to expiries). One Six Six has a net initial yield of 7.1% and strong cash flow generated from its diverse tenant base. The building was completely renovated in 2016 and boasts attractive features for occupiers such as shower facilities on each floor, a landscaped amenity area and car parking in the basement with 77 parking spaces.
Harrow-on-the-Hill Underground Station Metropolitan
St Georges Centre 114, 140, 182, 183, 395, 640, H11, H14, H19, H9, N140
CLS has exchanged contracts to acquire One Six Six for £13.8 million excluding costs. Completion is expected in January 2020.
Fredrik Widlund, Chief Executive Officer of CLS, commented:
“This property is a great fit for our UK portfolio as we already own a number of assets in the west London area, including nearby Hygeia on College Road where our in-house asset management initiatives have proven to be very successful. We believe that Harrow has significant opportunity for growth within Greater London from which we are well positioned to benefit. We continue to look for acquisition opportunities across our key markets that meet our investment criteria.”
17/11/2019 15:35 by Buildington
*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.
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