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Crown House Crown St 96,758 SF 100% Leased Office Building Ipswich IP1 3HS $12,328,953 ($127.42/SF) 12.39% Cap Rate
Executive Summary
Offers are invited in excess of £9,100,000 (Nine Million One Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT.
A purchase at this price reflects the following investment profile (allowing for purchaser costs of 6.68%):
Net Initial Yield - 12.39%
Reversionary Yield (at lease up) - 15.07%
Reversionary Yield (at ERV) - 19.15%
Capital Value - £94 psf
A purchase at this price reflects the following investment profile (allowing for purchaser costs of 6.68%):
Net Initial Yield - 12.39%
Reversionary Yield (at lease up) - 15.07%
Reversionary Yield (at ERV) - 19.15%
Capital Value - £94 psf
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
96,758 SF
Building Class
C
Year Built
1996
Price
$12,328,953
Price Per SF
$127.42
Cap Rate
12.39%
NOI
$1,527,557
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
96,758 SF
Slab To Slab
11’
Building FAR
0.86
Lot Size
2.57 AC
Parking
41 Spaces (0.43 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Conferencing Facility
- Restaurant
- Security System
- Signage
- Kitchen
- Accent Lighting
- Energy Performance Rating - D
- Reception
- Storage Space
- Bicycle Storage
- Central Heating
- Demised WC facilities
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Shower Facilities
- Wi-Fi
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Raised Floor System
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Crown House | Crown St
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