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Strettons · 29 Oct 2026 · in 10 days
Long leasehold ground floor office unit currently achieving £42,600 p.a.
Unit G04.4 Ink Court, 419 Wick Lane, London, E3 2PW · London
LiveOfficeLeaseholdLet
- Guide
- £330,000
- Rent a year
- £42,600
- Yield on the guide
- 12.9%
- Payback
- 7.8 yrs
- Net yield, after buying costs
- 12.51%on £340,500 all in
- Likely to sell for
- £338,000 to £411,000half of 99 UK commercial lots sold in this band
- Energy rating
- B
- Size
- 420 sq ft£101.43 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
| Price | £330,000 |
|---|---|
| Buyer's feeinc. VAT | £2,000 |
| Stamp Duty Land Taxnon-residential rates | £6,000 |
| assumption, inc. VAT | £2,500 |
| Total to own it | £340,500 |
Strettons' standard buyer's fee, from its published terms (checked 2026-10-15). A lot's special conditions can add more: check the legal pack. Tax uses non-residential rates checked 2026-10-15. Gross figures, before running costs. Not advice.
What it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
Half of the 99 UK commercial lots with a published price sold between 1.03× and 1.25× their guide; the middle one at 1.10×. On this guide that's £338,000 to £411,000, most likely about £363,000, which would make the net yield 11.36%.
Only some auction houses publish what lots sold for, so this sample comes from Allsop and Savills, not Strettons: treat it as a rough guide for this lot.
56% of the 546 UK commercial lots offered found a buyer, before or at the auction. A quarter of those sales went above the band and a quarter below it: it's a guide to the room, not a valuation.
Energy rating
- A
- B
- C
- D
- E
- F
- G
B from the government EPC register, lodged 30 May 2018 (certificate 0141-0638-8769-9525-9006). Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
| This lot | Office, London | Office, UK | |
|---|---|---|---|
| Yield on the guide | 12.9% | – | 10.2% |
| Guide | £330,000 | – | £222,500 |
| Rent per sq ft | £101.43 | £32.26 | £12.05 |
| Live lots | 4 | 48 |
Medians of live lots with published figures, at least five per cell. Rent per sq ft includes past lots.
History
- First listed on Cornerlot 11 Oct 2026.
Strettons' record
- Sale rate
- –1 lot offered
- Typical price vs guide
- –0 sales with a published price
- Sold before auction
- 1
- Live lots now
- 30
About the lot
Leasehold office lot in London. Producing £42,600 a year, a 12.9% gross yield at the guide.
LONG LEASEHOLD GROUND FLOOR OFFICE UNIT CURRENTLY ACHIEVING £42,600 P.A. The property comprises a well-presented and versatile office space that has been thoughtfully configured to provide three private offices, each benefiting from its own separate entrance, together with an additional open-plan co-working area. The accommodation is fully air-conditioned and benefits from super-fast fibre optic broadband providing upload and download speeds of up to 1Gbps, together with 24/7 access. Further facilities include a fitted kitchen area with tea and coffee-making facilities, two toilets, a dedicated phone pod, underground bicycle storage and an on-site concierge service operating Monday to Friday. The property is offered for sale with a range of fixtures, furniture and equipment included. The included items comprise approximately 15 Herman Miller office chairs, 15 office pedestals, fitted worktops and a phone pod. The seller has confirmed that the building has an EWS1 rating of A1 and that the service charge contributions have not increased during the past three years. Accommodation: Unit A; * Dimensions: 4.65m x 5.0m; * Approximate size: 23 sqm / 250 sqft; Unit B; * Dimensions: 5.15m x 7.6m; * Approximate size: 39 sqm / 420 sqft; Unit C; * Dimensions: 2.9m x 7.6m; * Approximate size: 22 sqm / 235 sqft; Unit D; * Dimensions: 2.9m x 2.4m; * Approximate size: 7 sqm / 75 sqft
Figures come from Strettons' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.