Attractive multi-let office building extending to 13,963 sq ft arranged over ground and two upper floors.
One of the only dedicated office buildings in the town centre.
Site area of 0.56 acres.
Located within a town undergoing significant regeneration investment, supporting future occupier demand.
A mix of refurbished office suites benefitting from excellent natural light and secure onsite car parking.
Diverse tenant mix including professional services, research, healthcare and SME occupiers.
WAULT of 3.82 years to expiry and 1.90 years to break.
Passing rent of £170,812 per annum.
Opportunity to enhance income through letting of vacant suites and regearing existing leases.
Potential to convert to residential under permitted development rights, or redevelopment for alternative uses in the medium term (STP).
Freehold.
Offers are sought in excess of £1,400,000 (One Million, Four Hundred Thousand Pounds) subject to contract and exclusive of VAT. Assuming purchaser's costs of 6.05%. A purchase at this level reflects 11.50% Net Initial Yield and £100 per sq ft Capital Value.
