Town Sq
Basildon SS14 1BX
Southgate House · Office Property For Sale
INVESTMENT HIGHLIGHTS
- High traffic footprint
- Situated on the mail retail thoroughfare in Basildon
- Close to public transport links
EXECUTIVE SUMMARY
This retail and office opportunity is ideally situated on the main retail thoroughfare in Basildon, Town Square.
We are seeking offers in the region of £8,215,000 subject to contract & exclusive of VAT reflecting Net Initial Yield of 10% on the retail income and £75 psf CV on the offices.
We are seeking offers in the region of £8,215,000 subject to contract & exclusive of VAT reflecting Net Initial Yield of 10% on the retail income and £75 psf CV on the offices.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
97,511 SF
Building Class
B
Year Built
1965
Price
$11,030,251
Price Per SF
$113.12
Cap Rate
10%
NOI
$1,103,025
Percent Leased
95%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
24,378 SF
Building FAR
2.41
Lot Size
0.93 AC
AMENITIES
- Accent Lighting
- Storage Space
- Recessed Lighting
