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5 Queen St 7,769 SF 100% Leased Office Building Norwich NR2 4TL $1,752,530 ($225.58/SF) 9.40% Cap Rate
Investment Highlights
- Prominent Business Location
- Wide Frontage
- Solid Transport Links
Executive Summary
Offers are invited in the region of £1,300,000 (One Million, Three Hundred Thousand Pounds) + VAT for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 9.4%, after buyer’s costs.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
7,769 SF
Building Class
B
Year Built
1980
Price
$1,752,530
Price Per SF
$225.58
Cap Rate
9.40%
NOI
$164,738
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
1,554 SF
Slab To Slab
11’
Building FAR
0.89
Lot Size
0.20 AC
Amenities
- Kitchen
- Demised WC facilities
- Natural Light
- Wi-Fi
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5 Queen St
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