- Located within an affluent Regency Town on the highly desirable Holly Walk.
- Freehold.
- Prominent, detached, corner building providing 15,993 sq ft NIA of office accommodation over ground and three upper floors on a prominent 0.28-acre site.
- Multi-let to six tenants with a strong covenant profile, including X2X (Codex), Lighthouse Games & Amplifi Group.
- Opportunity to drive performance via refurbishment and asset enhancement on a rolling basis with potential for future re-positioning.
- Strong ESG credentials, including an EPC rating of B(41).
- Weighted average unexpired term of 1.71 years to breaks, and 2.08 years to expiries providing asset management opportunities in the short term.
- Total passing rent of £288,771 per annum.
- The rent reflects a low £18.06 per sq ft providing an opportunity for future rental growth.
Offers are invited in excess of £3,350,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 8.10% after allowing for purchasers costs of 6.45%, reflecting a low overall capital value figure of £209 per sq ft.
