London Rd - Office FOR SALE
Newbury, BKS RG14 1JX |
$1,000,000 USD
163-501-7247
London Rd
Newbury, BKS RG14 1JX
HIGHLIGHTS
- Freehold (Title Number – BK34290).
- Single let Office Investment.
- Key Market Town within 1 hour of London, Bristol, Oxford and South Coast.
- Current Rent of £83,888 per annum exclusive.
- Let to POSITEC (UK AND IRELAND) LIMITED (Experian 83- Low Risk).
- Tenant has not served January 2025 break option showing commitment to the property.
- Should the building become vacant, it could potentially be converted to residential, subject to planning. There may also be an opportunity to add net lettable area by infilling the undercroft parking area.
- Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.
FOR SALE DETAILS
PRICE
$1,000,000 USD
PRICE/SF
$209 USD /SF
CAP RATE
7.93%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fairfax House
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1899
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
BK34290,BK462430,BK506939
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163-501-7247
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163-501-7247
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