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Wallington House Starbeck Avenue, Sandyford, NE2 1RH

Offices for sale

£1,200,000
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Total price
9757Sq Ft
Space

• Busy edge of town centre mixed commercial, leisure and residential location.

• Let to NSPCC.

• Self-contained modern office building over four floors, extending to a net internal area of 9,757 sq ft (907 sq mt).

• 15 on site car parking spaces.

• Independently accessed basement sold on 3,000 year lease.

• Passing rent equates to just £8 per sq ft. Potential for singificant rental growth.

• Offers in excess of £1,200,000 (One Million Two Hundred Thousand Pounds) reflecting a net initial yeild of 7.2% after allowing for purchaser's costs and a low capital value of just £123 per sq ft.

• Based on an estiamted rental value of the property of £130,500 pa, the reversionary yield equates to 10.3%.

Listed Features

  • Modern Design
  • Parking
  • Office
  • Basement
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