Town centre office investment with development potential
44,219 sq ft across two separate buildings
131 car parking spaces on a site of 1.65 acres
Total gross rent of £446,957 per annum
Triple net income of £104,939 per annum
ERV when 100% is £532,678 per annum
AWULT of 2.3 years to expiry
Approved consent for conversion to residential
Freehold
Seeking offers in the region of £2,900,000
14.48% Net Initial Yield, 3.40% Triple Net Yield and 17.26% Reversionary Yield
Capital Value of £66 psf
