This property is situated in a prominent corner position at the junction of The Grange and Havilland Street and comprises three buildings which were redeveloped approximately 25 years ago. The building has a large basement and ground floor which is currently rented to a fiducary company. There is a central staircase which leads to three upper floors all offering separate open plan offices. There is also kitchen and wc facilities. There is parking for approximately three vehicles in a garage accessed off Havilland Street. The Net Internal Area for the property is 7,984.95 sqft / 741.8 sqm. Our client is seeking offers in the region of £2m subject to contract which reflects a net initial yield 9.94% after acquisition costs and if the building is fully let.
AN OPPORTUNITY TO ACQUIRE A FREEHOLD OFFICE INVESTMENT
PROMINENT POSITION IN THE TOWN CENTRE
PART SECURED INCOME – LET TO OPUS UNTIL 2021
OPEN PLAN OFFICE ACCOMMODATION SPREAD OUT OVER FOUR FLOORS
GARAGE PARKING FOR TWO CARS PLUS ADDITIONAL RENTED SPACES AVAILABLE