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High Yielding Multi Let Business Park Investment

St Helens, United KingdomUnlock address

75%

£5.420.000

Office

#33755

Core+

4 Mar 2024

Property Details

Broker

For sale

45,113 sq.ft.

4,191 m²

Leasable area

120.14 £/sq.ft.

1,293 £/m²

11.00 %

14

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Modern, well specified office accommodation with BREEAM ‘Very Good’ rating - 45,113 sq ft in total across 8 high quality office buildings - Multi-let to 14 tenants with 78% of income secured to ‘Low Risk’ or ‘Very Low Risk’ covenants. - Total rent of £635,491 per annum reflecting a low overall rate of c.£14.00 sq ft – a significant rental discount to neighbouring submarkets