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Kelsall House Stafford Park 1 24,732 SF Office Building Telford TF3 3BD $2,664,784 ($107.75/SF) 9.64% Cap Rate
INVESTMENT HIGHLIGHTS
- Modern detached office building extending to approximately 24,732 sq ft (2,297 sq m) over ground, first and second floors
- The current passing rent of £205,000 per annum reflects a low £8.28 per sq ft
- Kelsall House is let in its entirety to Reconomy UK Ltd on a new FRI lease for 10 years expiring March 2035, subject to a tenant break option in 03/30
EXECUTIVE SUMMARY
Instructed to seek offers of £2,000,000 (Two Millions Pounds).
Assuming purchaser’s costs of 6.28% a purchase price at this level reflects: Net Initial Yield of 9.64%.
Assuming purchaser’s costs of 6.28% a purchase price at this level reflects: Net Initial Yield of 9.64%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
24,732 SF
Building Class
B
Year Built
1998
Price
$2,664,784
Price Per SF
$107.75
Cap Rate
9.64%
NOI
$256,885
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
9,582 SF
Parking
60 Spaces (2.42 Spaces per 1,000 SF Leased)
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Kelsall House | Stafford Park 1
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