3-5 Huxley Close

Park Farm, Wellingborough, NN8 6AB
Sold
3-5 Huxley Close
Park Farm, Wellingborough, NN8 6AB
  • Opportunity to acquire the freehold interest of modern flexible out of town office building.
  • Let to IHS Global Limited until December 2022, a very secure tenant who have been in occupation for 13 years.
  • Located on an the established Park Farm Business Park in the East Midlands with excellent road connections.
  • Grade A office accommodation extending to 10,138 sq ft over ground and two upper floors.
  • Low Passing rent of £132,000 per annum equating to £13.02 psf with anticipated reversionary potential of £141,932 per annum equating to £14.00 psf. 

We are inviting offers in excess of £1,525,000 (One Million Five Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a NIY of 8.16% and a reversionary yield of 8.77% assuming purchases costs of 6.13%. 

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