Property Information
Address:
Unit 4, Kings Business Park, Knowsley, Merseyside
, L34 1PJ
, Merseyside
, United Kingdom
Price: Property no longer available.
Size: 7405 sq ft688 sqm
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH630383
Property Ref/Agent: 101743
*Please use the agent ref when calling the agent directly.
Property description
Modern, detached office building let to the NHS within the popular Puma Court development in Knowsley, situated on Kings Business Park located next to junction 2 of the M57 motorway just off the A57 Liverpool Road.
NHS Property Services Ltd have been in occupation for over 10 years and have just signed a new 5 year FRI lease expiring in August 2025. There is a tenant break in August 2023.
Passing rent of £95,498 per annum (£12.90 psf).
Held long leasehold for a term of 999 years from 30 August 2006 at an annual rent of one peppercorn.
Offers in excess of £1,100,000 (One Million and One Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive Net Initial Yield of 8.20%, assuming purchaser's costs of 5.85%.
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