- 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%.