Parsons Rd - Office FOR SALE
Washington, TWR NE37 1EZ |
$535,000 USD
191-917-9447
Parsons Rd
Washington, TWR NE37 1EZ
HIGHLIGHTS
- The property comprises a detached office building which has been extended being of framed construction with brick elevations beneath a flat roof.
- The windows to the property are uPVC framed and double glazed.
- The building is currently attached into three further buildings each with self-contained access.
- The offices are finished to a good standard with bespoke reception, open plan office accommodation with demountable partitioning
- The office accommodation is generally arranged on a carpet covered floor with painted plaster walls and a suspended ceiling with recessing lights.
OVERVIEW
Offers in the region of £535,000 exclusive of VAT are invited for the freehold interest reflecting a Net Initial Yield of 9% assuming standard purchase cost of 5.54%.
The property is let to Essci Technical Services Limited for a term of 5 years from the 2nd of October 2018 with break on the 1st of October 2021 with a current rent of £50,490 per annum exclusive. The Tenant has been in occupation since 2006.
There is a Schedule of Condition attached to the lease.
FOR SALE DETAILS
PRICE
$535,000 USD
PRICE/SF
$91 USD /SF
CAP RATE
9.44%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Swallow House
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,098 SF
ZONING
-
APN/PARCEL ID
TY205408,TY449011,TY450212
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191-917-9447
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191-917-9447
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