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Last Updated: 28th Nov 2020
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- Busy edge of town centre mixed commercial, leisure and residential location.- Let to NSPCC.- Self-contained modern office building over four floors, extending to a net internal area of 9,757 sq ft (907 sq mt).- 15 on site car parking spaces.- Independently accessed basement sold on 3,000 year lease.- Passing rent equates to just £8 per sq ft. Potential for singificant rental growth.- Offers in excess of £1,200,000 (One Million Two Hundred Thousand Pounds) reflecting a net initial yield of 7.2% after allowing for purchaser's costs and a low capital value of just £123 per sq ft.- Based on an estimated rental value of the property of £130,500 pa, the reversionary yield equates to 10.3%.
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