Log In/Sign up
Your email has been sent.
Melrose House Pynes Hl 6,480 sq ft Office Property Exeter EX2 5AZ £1,275,000 (£196.76/sq ft) 8.88% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Detached office building on secure site with 33-space car park
- New 10-year lease to Streets Bush Ltd, well-established accountancy firm
- Centrally situated on established and prestigious office campus
EXECUTIVE SUMMARY
The freehold is available at a price of £1,275,000 plus VAT equating to a net initial yield (following end of rent-free period) of 8.88% after normal purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
6,480 sq ft
Costar Property Class
B
Year Built
1998
Price
£1,275,000
Price per sq ft
£196.76
Yield
8.88%
NOI
£113,220
Tenancy
Single
Number of Floors
2
Typical Floor Size
3,240 sq ft
Floor To Floor Height
10 ft
Plot ratio
0.31
Total Plot Size
0.48 ac
Parking
33 Spaces (5.09 Spaces per 1,000 sq ft Leased)
AMENITIES
- Security System
1 1
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Melrose House | Pynes Hl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.