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8 Commerce Rd 4,976 sq ft 100% Let Office Property Peterborough PE2 6LR £850,000 (£170.82/sq ft) 7.65% Net Initial Yield
Executive Summary
Detached purpose built modern two storey office building in a prime Lynch Wood business park location. Air conditioned, raised access floors, suspended ceilings, WC's, kitchens, glazed meeting rooms and 18 allocated parking spaces. Fully let and producing £65,000 per annum until lease expiry in September 2029.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
4,976 sq ft
Costar Property Class
B
Year Built
1992
Price
£850,000
Price per sq ft
£170.82
Yield
7.65%
NOI
£65,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,488 sq ft
Floor To Floor Height
9 ft
Parking
18 Spaces (3.62 Spaces per 1,000 sq ft Leased)
Amenities
- Kitchen
- Accent Lighting
- EPC - D
- Common Parts WC Facilities
- Open-Plan
- Suspended Ceilings
- Air Conditioning
- Raised Floor System
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8 Commerce Rd
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