Euston Way
Telford TF3 4LY
 Towergate House · Office Property For Sale

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

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
20,066 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2004
Price
$2,429,269
Price Per SF
$121.06
Cap Rate
10.61%
NOI
$257,690
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,137 SF
Building FAR
0.65
Lot Size
0.71 AC

AMENITIES

  • Kitchen
  • Reception
  • Central Heating
  • Common Parts WC Facilities
  • Open-Plan

MAP

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