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20 Lansdowne Ter 2,178 sq ft 100% Let Office Property Newcastle Upon Tyne NE3 1HP £60,000 (£27.55/sq ft)
Investment Highlights
- Already tenanted
- Configured for professional services
Executive Summary
The business operates from premises held under an assignable headlease with approximately seven years remaining unexpired. The property is sub-let to a diverse mix of established therapy and professional service providers, comprising multiple occupiers. The asset is currently fully let, generating stable income, with an extension to the headlease agreed in principle, providing the opportunity for enhanced security of tenure.
The leasehold interest and the operating business are available for purchase as a going concern.
The leasehold interest and the operating business are available for purchase as a going concern.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
2,178 sq ft
Costar Property Class
B
Year Built
1957
Price
£60,000
Price per sq ft
£27.55
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
782 sq ft
Plot ratio
0.90
Total Plot Size
0.06 ac
Amenities
- Security System
- Kitchen
- EPC - D
- Storage Space
- Demised WC facilities
- Fully Carpeted
- Suspended Ceilings
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20 Lansdowne Ter
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