Nile Close - Unit 3 & 4 Nelson Court Business Centre 3,868 sq ft Office Unit Offered at £450,000 in Preston PR2 2XU

The property comprises an investment opportunity arranged as four office suites across two buildings, over ground and first floor levels.

The buildings are of portal frame construction with brick/blockwork infill walls, surmounted by profiled metal insulated cladding.

The accommodation is accessed via ground floor entrance lobbies, with WC facilities provided at each level. Internally, the suites generally benefit from suspended ceilings incorporating Category II/LED lighting, perimeter trunking, fire detection, carpeting, gas central heating and kitchen facilities.

Externally, there is designated car parking for the development, together with landscaped areas.

Each suite is let on a separate underlease with service charge and building management provisions included, and a Management Fee payable by the shorter-term occupiers.

The investment is offered at an asking price of £450,000, reflecting a gross initial yield of 8.00% and a net initial yield of approximately 7.58%, assuming acquisition costs of 5.5%.

Tenure
Long Leasehold, being the remainder of a 125 year lease from 31 st January 2006.

Tenancy Information

The property generates a combined passing rent of £36,000 per annum from four self-contained office suites across two buildings, providing income diversification.