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Chartered House Nepshaw Ln S 4,052 sq ft 100% Let Office Property Morley LS27 7UY £500,000 (£123.40/sq ft) 11.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent location adjacent to M621
- 19 parking spaces
- Mixture of gas fired central heating and electric heating/cooling
- Let to Jensten Insurance Brokers Ltd
- Suspended ceilings
- Staff break-out areas to each floor
EXECUTIVE SUMMARY
Constructed in 2006, the property comprises a two storey self-contained detached office building providing a mixture of open-plan and cellular office accommodation with the following specifications:
- Suspended ceilings
- Mixture of gas fired central heating and electric heating/cooling
- LED lighting
- WCs
- Kitchen/staff break out areas
The property also benefits from 19 dedicated parking spaces.
- Suspended ceilings
- Mixture of gas fired central heating and electric heating/cooling
- LED lighting
- WCs
- Kitchen/staff break out areas
The property also benefits from 19 dedicated parking spaces.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
4,052 sq ft
Costar Property Class
B
Year Built
2004
Price
£500,000
Price per sq ft
£123.40
Yield
11.50%
NOI
£57,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,026 sq ft
Plot ratio
1.03
Total Plot Size
0.09 ac
Parking
19 Spaces (4.69 Spaces per 1,000 sq ft Leased)
AMENITIES
- Security System
- Accent Lighting
- EPC - C
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Chartered House | Nepshaw Ln S
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