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1 King St 3,847 sq ft Office Property Ashbourne DE6 1EA £400,000 (£103.98/sq ft) 9.27% Net Initial Yield
Investment Highlights
- Excellent location within a short distance of Market Place.
- New full repairing and insuring lease for a term of 10 years, incorporating an upward only rent review in the 5th year of the term at a rental of £38,500 per annum, exclusive.
- Freehold.
- Let to C W Sellors Group Limited.
- Pre-planning application approved for four apartments (Ref No 25/0005/PREAPP).
- Offers are invited at £400,000.
Executive Summary
Offers are invited at £400,000 (Four Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 9.27% and low capital value of £104.00 per sq ft, after allowing for standard purchaser’s costs
FOR SALE on the Instructions of the Joint Administrators of C.W. Sellors Limited and Cressbrook Investments Limited
CW Sellors Group Limited will enter into a new full repairing and insuring lease for a term of 10 years, incorporating an upward only rent review in the 5th year of the term at a rental of £38,500 per annum, exclusive
FOR SALE on the Instructions of the Joint Administrators of C.W. Sellors Limited and Cressbrook Investments Limited
CW Sellors Group Limited will enter into a new full repairing and insuring lease for a term of 10 years, incorporating an upward only rent review in the 5th year of the term at a rental of £38,500 per annum, exclusive
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
3,847 sq ft
Costar Property Class
B
Year Built
1980
Price
£400,000
Price per sq ft
£103.98
Yield
9.27%
NOI
£37,080
Tenancy
Single
Number of Floors
3
Typical Floor Size
1,281 sq ft
Plot ratio
0.45
Total Plot Size
0.20 ac
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