£4.500.000
Confirmation
Freehold City Centre Office Investment
Property Details
Broker
For sale
47,560 sq.ft.
4,418 m²Leasable area
94.62 £/sq.ft.
1,018 £/m²10.00 %
Freehold
Fees
Investment Overview
Located in the popular St George’s cultural quarter, with Tesco opposite and M&S, Primark, Ramada Encore Hotel, and Matalan less than 100m away on Humberstone Gate, with both Highcross and Haymarket shopping centres less than a five-minute walk. 47,560 sq ft (NIA) (4,418.43 sq m) office building on ground and thirteen upper floors, with 9 car parking spaces arranged over site. Refurbished in 2019 and subdivided into suites appealing to a variety of occupiers, including two with display frontage. EPC Rating of C(72). Let to a variety of occupiers including Duncan Lewis Solicitors, Everyday Loans Ltd, Life Links (Richmond Fellowship), Vodafone, and Jonathan Ashworth MP. Consent for conversion to 72 apartments and discussions with planners for circa 79, with potential for student accommodation. Annual rental income of £478,464.53 pa, and ERV of circa £515,000 pa.
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