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The Plough & Corn Barns Meppershall Rd 1,850 sq ft 100% Let Office Property Hitchin SG5 3PF £275,000 (£148.65/sq ft) 5.03% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Semi-rural business park
- 8.1 miles from Flitwick Town & Train Station
- 3.1 miles from the A600 and 3.8 miles from the A6
EXECUTIVE SUMMARY
Suite 1b is current let on a yearly rolling licence at an all inclusive rent of £6,126 per annum.
Suite 2 is currently let on a 5-year lease, commencing from November '23, producing an annual rent of £7,700 exclusive plus service charge.
The property is set in a picturesque location, and offers office space with ample parking and characters features, while providing all the expected modern amenities.
Suite 2 is currently let on a 5-year lease, commencing from November '23, producing an annual rent of £7,700 exclusive plus service charge.
The property is set in a picturesque location, and offers office space with ample parking and characters features, while providing all the expected modern amenities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,850 sq ft
Costar Property Class
B
Year Built
2000
Price
£275,000
Price per sq ft
£148.65
Yield
5.03%
NOI
£13,826
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
1,850 sq ft
Plot ratio
0.03
Total Plot Size
1.22 ac
AMENITIES
- Courtyard
- Air Conditioning
1 of 7
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The Plough & Corn Barns | Meppershall Rd
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