Investment - Office 29,492 SqFt Doncaster
Freehold £4,444,000 Guide Price
Icon, First Point, Balby Carr Bank, Doncaster, DN4 5JQ
- Grade A Multi Let Office Investment
- Large Impressive Entrance Atrium
- Prestigious Office Building in Gateway Location
- Generous Car Parking Provision
- Extremely Well Located close to Junction 3 of the M18 Motorway
Prime gateway location on the main approach into Doncaster from junction 3 of the M18 Motorway
Multi let office building with office suites arranged over three floors
totalling approximately 2,742 sm (29,522 sq ft) with 101 car spaces.
Currently produces a rental income of £384,222.70 pa, assuming
12 months rental guarantee on the vacant office suite, which will
provide the opportunity for a reversion going forward.
Key tenants include: Bridon International, RGCM and CH4
AWULT to expiry 4.43 years
Offers sought in excess of £4,444,000 (Four Million Four Hundred and Forty Four Thousand Pounds) subject to contract and exclusive of VAT. This equates to a capital value of £150 per sq ft
A purchase at this level would provide an initial yield of 8.14% assuming
purchasers costs of 6.26% and a reversionary yield of 8.6%
Prospective tenants should be aware of The Code for Leasing Business Premises in England and Wales 2007 a copy of which may be downloaded from www.leasingbusinesspremises.co.uk
The property is situated in within 1 mile from Junction 3 of the M18, with excellent road frontage to both the A6182 White Rose Way and Balby Carr Bank. The property has direct access via White Rose Way to the M18 motorway, which in turn provides access to the national motorway network via the A1(M), M62, M1 and M180.
Strictly by appointment with the Agents
Each party is to be responsible for their own legal costs incurred in this transaction.
EPC awaited or not required