Dunbar Property Group

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High profile City Centre office
High profile City Centre office

United Kingdom / Europe for Sale : South East, England, United Kingdom
£ 20,835,000
• The largest commercial centre in the South East outside Greater London. • High profile City Centre office - In close proximity to the train station, bus station etc. Its positioning provides unrivalled connectivity. • High specification office accommodation of 10,065 sq m (108,340 sq ft). • Exceptional Town Centre car parking ratio of 1:652 sq ft net. • Multi let on 4 leases with surety from Holdco Ltd. • Leases expire in December 2015 (6.5 years term certain). • Staggered rent reviews. • A Grade Multi-National UK Headquarters. • Substantial capital investment recently undertaken to the building by the tenant with further works planned. • Potential medium term lease re-gear opportunities. • Produces a net rental income of £2,037,606 per annum (£19.28 per sq ft). • Offers in excess of £20,835,000, subject to contract and exclusive of VAT. • Attractive net initial yield of 9.25%. • Low capital value of £192 per sq ft net.

More Information
Currency: £
GLA: 10065m²
Yield: 9.25%
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