It is an office center in one of the major cities of Buckinghamshire. Description
The two-storey building with a total area of 1,240 m² was constructed in the 1980s.
The plot of 2,600 m².
There is a parking for 32 cars, 28 places are at the entrance.
Tenure: Leasehold for 99 years.
The property is fully leased out to a major tenant.
- Suspended ceilings;
- Wall heaters;
- Wall and ceiling air-conditioners;
- WCs for men, women, disabled;
- Elevator for 8 persons.
Absolute income is 225,600 £.
The current yield of 11,8%.
Purchaser's costs of 6,25%.
Tenant is a large housebuilder company with an annual turnover of more than £700 million.
The lease agreement is signed for 15 years until 2021. All repairing and insurance costs are borne by the tenant.
The property is situated in the business district.
The nearest motorway is in 1,5 km distance, the city center and railway station are within 3 km distance.