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Melrose House Pynes Hl 6,480 SF Office Building Exeter EX2 5AZ $1,746,432 ($269.51/SF) 8.88% Cap Rate
Investment Highlights
- Detached office building on secure site with 33-space car park
- New 10-year lease to Streets Bush Ltd, well-established accountancy firm
- Centrally situated on established and prestigious office campus
Executive Summary
The freehold is available at a price of £1,275,000 plus VAT equating to a net initial yield (following end of rent-free period) of 8.88% after normal purchaser’s costs.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,480 SF
Building Class
B
Year Built
1998
Price
$1,746,432
Price Per SF
$269.51
Cap Rate
8.88%
NOI
$155,083
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,240 SF
Slab To Slab
10’
Building FAR
0.31
Lot Size
0.48 AC
Parking
33 Spaces (5.09 Spaces per 1,000 SF Leased)
Amenities
- Security System
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Melrose House | Pynes Hl
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