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Beverley Rd 20,289 sq ft 100% Let Office Property Derby DE74 2TG £500,000 (£24.64/sq ft) 5.60% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 70 on-site parking spots
- Steel frame construction
- Direct access to the M1 motorway
EXECUTIVE SUMMARY
The property comprises a detached two storey office building being of a steel frame construction with insulated blockwork infill walls and decorative brick facing under a hipped roof and incorporating powder coated aluminium framed double glazed sealed window units and entrance. The property is arranged over ground and first floors and is configured to provide predominantly open plan office accommodation on either side of the service core. There is a reception area with 8-person (630kg) lift to the first floor which incorporates a small administrative office, male/female and disabled WCs. In addition, a comms room is located on the ground floor together with a series of cellular offices.
The property is at present let to Dortgen UK Limited for a term of 150 years from 5 th April 2001 at a current rent of £28,000*p.a. and the lease contains full repairing and insuring covenants.
The property is at present let to Dortgen UK Limited for a term of 150 years from 5 th April 2001 at a current rent of £28,000*p.a. and the lease contains full repairing and insuring covenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
20,289 sq ft
Costar Property Class
B
Year Built
1985
Price
£500,000
Price per sq ft
£24.64
Yield
5.60%
NOI
£28,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
10,145 sq ft
Total Plot Size
210.19 ac
Parking
64 Spaces (3.15 Spaces per 1,000 sq ft Leased)
AMENITIES
- Security System
- Signage
- EPC - E
- Demised WC facilities
- Fully Carpeted
- Suspended Ceilings
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Beverley Rd
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