Laneham St - Office FOR SALE
Scunthorpe, SHS DN15 6LJ |
$2,400,000 USD
Laneham St
Scunthorpe, SHS DN15 6LJ
HIGHLIGHTS
- Office investment Let to Government Department with 5 years unexpired term remaining
- Rent review in June 2024 which is subject to an RPI increase (May 2024) with a cap and collar arrangement estimated to be circa £200,000 per annum
- Edge of town location with good access to the railway station and on-site car parking (60 Spaces)
- Net initial yield of 6.84% allowing for purchasers costs
- Would potentially suit residential conversion, hotel or business centre, subject to planning
FOR SALE DETAILS
PRICE
$2,400,000 USD
PRICE/SF
$100 USD /SF
CAP RATE
7.7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Crown Buildings
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1981
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.91 AC
LAND SF
39,637 SF
ZONING
-
APN/PARCEL ID
HS274641
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