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Phase 1, Western Park Business Village 4 Office Properties Offered at $1,637,085 in Leicester
Investment Highlights
- Multi Let Oce Investment
- £79,500 aggregate annual rental income
- 10-year leases
- 6.25% Net Initial Yield assuming Purchaser's costs of 6.4%
Executive Summary
The development comprises the restoration of the Grade II Listed former Open Air School, which opened for that use in November 1930, with the individual buildings arranged on the connecting terraces. Phase 1 comprises four single storey detached office buildings which overlook a landscaped garden featuring outdoor leisure areas for occupiers. The buildings have been constructed to Passivhaus standards. Occupiers include a beauty / hairdressing salon, a golf simulator and office spaces.
The site benets from generous on-site car parking.
The site benets from generous on-site car parking.
Property Facts
| Price | $1,637,085 | Status | Active |
| Price / SF | $411.64 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.25% | Total Building Size | 3,977 SF |
| Sale Type | Investment | Total Land Area | 11.42 AC |
| Price | $1,637,085 |
| Price / SF | $411.64 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 3,977 SF |
| Total Land Area | 11.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 4 - Western Park Business Village
134 Letchworth Rd, Leicester LE3 6FH |
Office | 1,205 SF | 1930 | - |
|
Building 2 - Western Park Business Village
138 Letchworth Rd, Leicester LE3 6FH |
Office | 935 SF | 1930 | - |
|
Building 3 - Western Park Business Village
138 Letchworth Rd, Leicester LE3 6FH |
Office | 935 SF | 1930 | - |
|
Phase 1, Western Park Business Village
138 Letchworth Rd, Leicester LE3 6FH |
Office | 902 SF | 1930 | - |
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Phase 1, Western Park Business Village
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