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Towergate House Euston Way 16,821 sq ft 100% Let Office Property Telford TF3 4LY £1,810,000 (£107.60/sq ft) 10.61% Net Initial Yield
Investment Highlights
- 48 car parking spaces
- Adjacent to Telford Central train station.
- Extending to 15,410 sq. ft of office space
Executive Summary
Let entirely to Advisory Insurance Brokers Limited (5A1 D&B) trading as Towergate Insurance Brokers on a Full Repairing and Insuring basis for a term of 10 years from 17th March 2016, thus providing an unexpired term of approximately 3.1 years.
The current passing rent is £192,000 per annum reflecting £12.45 per sq. ft
The current passing rent is £192,000 per annum reflecting £12.45 per sq. ft
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
16,821 sq ft
Costar Property Class
B
Year Built
2004
Price
£1,810,000
Price per sq ft
£107.60
Yield
10.61%
NOI
£192,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
5,137 sq ft
Plot ratio
0.54
Total Plot Size
0.71 ac
Parking
38 Spaces (2.26 Spaces per 1,000 sq ft Leased)
Amenities
- Kitchen
- Reception
- Storage Space
- Central Heating
- Common Parts WC Facilities
- Open-Plan
- Secure Storage
- Wi-Fi
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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Towergate House | Euston Way
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