Property Information
Address:
Units 8 & 9, Kings Business Park, Knowsley, Merseyside
, L34 1PJ
, Merseyside
, United Kingdom
Price: Property no longer available.
Size: 8168 sq ft759 sqm
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH630532
Property Ref/Agent: 109095
*Please use the agent ref when calling the agent directly.
Property description
Two, self-contained, detached office buildings totaling 8,168 sq. ft.,.
Tiger Court is set within Kings Business Park which is located next to junction 2 of the M57 motorway just off the A57 Liverpool Road.
Unit 8 is let to Pure Legal Cost Consultants Limited and Unit 9 is let to Pure Legal Limited, both have been in occupation for at least 5 years and have just signed new 5-year reversionary leases to extend their occupation until 2025.
Passing rent of £107,225 per annum (£13.12 psf).
Held long leasehold for a term of 999 years from 22 August 2007 at an annual rent of one peppercorn.
Offers in excess of £1,000,000 (One Million Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 10.14% and a very a low cap value of just £124 psf, assuming purchasers' costs of 5.67%.
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