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Crown House Crown St 96,758 sq ft 100% Let Office Property Ipswich IP1 3HS £9,100,000 (£94.05/sq ft) 12.39% Net Initial Yield
Executive Summary
Offers are invited in excess of £9,100,000 (Nine Million One Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT.
A purchase at this price reflects the following investment profile (allowing for purchaser costs of 6.68%):
Net Initial Yield - 12.39%
Reversionary Yield (at lease up) - 15.07%
Reversionary Yield (at ERV) - 19.15%
Capital Value - £94 psf
A purchase at this price reflects the following investment profile (allowing for purchaser costs of 6.68%):
Net Initial Yield - 12.39%
Reversionary Yield (at lease up) - 15.07%
Reversionary Yield (at ERV) - 19.15%
Capital Value - £94 psf
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
96,758 sq ft
Costar Property Class
C
Year Built
1996
Price
£9,100,000
Price per sq ft
£94.05
Yield
12.39%
NOI
£1,127,490
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
96,758 sq ft
Floor To Floor Height
11 ft
Plot ratio
0.86
Total Plot Size
2.57 ac
Parking
41 Spaces (0.43 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- Bus Route
- Controlled Access
- Conferencing Facility
- Restaurant
- Security System
- Signage
- Kitchen
- Accent Lighting
- EPC - D
- Reception
- Storage Space
- Bicycle Storage
- Central Heating
- Demised WC facilities
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Shower Facilities
- Wi-Fi
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Raised Floor System
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Crown House | Crown St
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