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Towergate House Euston Way 15,409 SF 100% Leased Office Building Telford TF3 4LY $2,411,629 ($156.51/SF) 10.61% Cap Rate
INVESTMENT HIGHLIGHTS
- 48 car parking spaces
- Adjacent to Telford Central train station.
- Extending to 15,410 sq. ft of office space
EXECUTIVE SUMMARY
Let entirely to Advisory Insurance Brokers Limited (5A1 D&B) trading as Towergate Insurance Brokers on a Full Repairing and Insuring basis for a term of 10 years from 17th March 2016, thus providing an unexpired term of approximately 3.1 years.
The current passing rent is £192,000 per annum reflecting £12.45 per sq. ft
The current passing rent is £192,000 per annum reflecting £12.45 per sq. ft
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
15,409 SF
Building Class
C
Year Built
2004
Price
$2,411,629
Price Per SF
$156.51
Cap Rate
10.61%
NOI
$255,819
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,137 SF
Building FAR
0.50
Lot Size
0.71 AC
AMENITIES
- Kitchen
- Reception
- Storage Space
- Central Heating
- Common Parts WC Facilities
- Open-Plan
- Secure Storage
- Wi-Fi
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Towergate House | Euston Way
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