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Stargate Business Centre Stourbridge Rd 8,969 sq ft 100% Let Office Property Bridgnorth WV15 5BA £899,500 (£100.29/sq ft) 8.42% Net Initial Yield
Investment Highlights
- Potential for future asset management opportunity
- Multi let income producing Office/commercial investment
- Generous provision of onsite car parking spaces
Executive Summary
The property comprises of a well-maintained spread risk multi let investment that provides a variety of office and business space with a potential annual income of £75,700 (with the benefit of rent guarantees). The property is in part two and part single storey construction and is arranged to provide a Total Net Internal Floor Area of 8,969 ft sq (833.17 m sq).
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
8,969 sq ft
Costar Property Class
B
Year Built
1974
Price
£899,500
Price per sq ft
£100.29
Yield
8.42%
NOI
£75,738
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,485 sq ft
Plot ratio
0.47
Total Plot Size
0.44 ac
Amenities
- Courtyard
- Storage Space
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Stargate Business Centre | Stourbridge Rd
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