- For sale
£2,125,000 GBP Pound Sterling
Colliers is pleased to offer to market this Freehold Modern Office Park Investment on behalf of private clients.
• Pair of modern two-storey office properties built in 2005
• Located on a popular, well-established business park near M1 (J25)
• Totalling 14,253 sq ft (NIA)
• Let on unbroken 15-year FRI leases from March 2016 to SDL Surveying Limited and SDL Group Services Limited
• Total current rent: £120,000 per annum (reflecting a low rate of £8.40 per sq ft overall)
• Subject to upward only rent reviews in March 2021 and 2026
• Total ERV: £192,500 per annum (£13.50 per sq ft)
Offers in excess of £2,125,000 exclusive, Subject to Contract.
This value reflects a net initial yield of 8.5% (after rent top-up and purchaser’s costs) a reversionary yield of 9% (March 2021) and a capital value of £149 per sq ft.
Offers for each property individually will also be considered.