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Newly refurbished freehold investment for sale

England, United KingdomUnlock address

83%

£16.500.000

Office

#12996

Core+

3 Feb 2024

Property Details

Broker

For sale

10,976 sq.ft.

1,020 m²

Leasable area

1,503 £/sq.ft.

16,176 £/m²

4.50 %

5

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Newly refurbished and extended office building completed in December 2019. The works included adding a new fifth floor, terraces to the fourth and fifth floors, new toilet cores, a new lift and new M&E throughout. With exposed original brickwork, retained steel beams and sash windows the refurbishment has delivered contemporary office suites that complement the heritage of the building and give historical context to the modern and efficient interiors. The property has a BREEAM rating of ‘Excellent’ and an Energy Performance Certificate of B(46). Multi-let to 5 tenants, remaining vacancy to be topped up. Passing rent £792,162 per annum, £72.17 per sq ft overall. WAULT of 3.5 years to expiry and 2.7 years to breaks.