No longer on the market
This property is no longer on the market
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Property
1,604 sq ft / 149 sq m
Features and description
- First floor office investment.
- Currently producing an income of £16,000 per annum. Let on a 6-year lease from February 2023 with a rent review February 2026
- Which reflects an Net Initial Yield of 9.84% after purchasers costs of 1.63%.
- For sale on long leasehold interest with 961 years remaining.
- The unit benefits from Class E use consent.
The offices are accessed off Prestongate and provide 4 offices and a board room, fit out with LED lighting and modern grey cord tiled carpet . The offices benefit from a kitchen and separate ladies and gents w/c facilities. The property also lends itself to be opened up to create an open plan office space if required.
Property information from this agent
About this agent
We can guide you on every aspect of buying, selling, leasing and managing commercial property. From carrying out valuations, surveys and lease renewals, to giving you advice on investment and development opportunities. We’re well-connected in the local and surrounding areas. So we can take a broad view of the property market and give you the best advice on the sale and lease of commercial sites. Above all, we put you first. It’s our job to get the result you want, and we achieve this through hard work, years of experience and a well-rounded knowledge of the market. We are part of the Garness Group of property companies.
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