Single-let Grade-A town centre office

Prominently positioned town centre HQ office investment long-let to Santander with RPI-linked rent reviews and attractive residential conversion potential. Prime Grade-A HQ office building of 47,000 sq ft. The building was comprehensively refurbished in 2014. All of the plant and M&E was replaced, along with a full refurbishment of the office floors, reception, common parts and car park. The building has an EPC rating of B(44). The current passing rent is £1,165,746 per annum, reflecting £24.80 per sq ft. The Vendor will top up the rent to the projected 8th May 2024 rent review settlement figure of £1,418,304.87 per annum. The property benefits from 183 car parking spaces located at basement level, providing an exceptional in town parking ratio of 1:257 sq ft.