Northway - Office FOR SALE


Scarborough, NYK YO12 7AN
$500,000 USD
148-262-6912
Northway, Scarborough, NYK for Sale
$500,000 USD
Office - FOR SALE
1/1
null | 12% Cap Rate

Northway
Scarborough, NYK YO12 7AN


HIGHLIGHTS

  • Freehold commercial office investment
  • Attractive initial yield of 12%
  • Let on single lease on FRI terms
  • Current rent passing £63,500 per annum. Low rent rate psf of £6.27.

OVERVIEW

The property comprises a purpose built office building arranged over ground and two upper floors. The offices are largely open plan with toilet and kitchen facilities on each floor. Externally there are approximately 10no. car parking spaces in the rear car park. The Tenant has refurbished the property both internally with the inclusion of LED lighting and general refurbishment to the working areas and externally with significant works recently completed to the roof.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Albion House

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,054 SF

ZONING

Commercial

APN/PARCEL ID

NYK219772

ASK ABOUT THIS PROPERTY

Ben CooperPPH CommercialMore Info
148-262-6912

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Ben CooperPPH CommercialMore Info
148-262-6912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.