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Hockley Court Stratford Rd 5,776 sq ft 100% Let Office Property Hockley Heath B94 6NW £800,000 (£138.50/sq ft) 10.34% Net Initial Yield
Investment Highlights
- The property is located on the outskirts of Hockley Heath
- 4 separate units over the ground and first floor
- Hockley Heath centre is within easy walking distance
Executive Summary
The property forms part of Hockley Court, a courtyard office development on the edge of the village. Units 14-17 comprises of a detached office block built to provide 4 separate units over the ground and first floor. The units are totally self-contained in terms of access, services etc, therefore have been popular with business looking to locate into their own self-contained office suites.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
5,776 sq ft
Costar Property Class
B
Year Built
1984
Price
£800,000
Price per sq ft
£138.50
Yield
10.34%
NOI
£82,750
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,726 sq ft
Plot ratio
1.02
Total Plot Size
0.13 ac
Parking
8 Spaces (1.39 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- Accent Lighting
- Storage Space
- Air Conditioning
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Hockley Court | Stratford Rd
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