Property Detail

Office Building in a Suburb of Peterborough for Sale, Lease Agreement Ends 2027, Freehold

Office Building in a Suburb of Peterborough for Sale, Lease Agreement Ends 2027, Freehold

Property type: office building
Purchase of established rental business

Tenure: freehold

Location: a suburb of Peterborough, the county of Cambridgeshire, UK

Construction year: 2012

Lettable area: ca. 2,900 m2

Car parking facilities: 270+ spaces

Tenant: provider of IT solutions
• single-tenant
• occupancy: 100%

Full Repair and Insure Lease (FRI lease):
• tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Lease Agreement ends: 2027 (+ reversionary lease until 2030 without break)
Possibility of renewal: YES
Rent Review: YES

Purchase price: 7,500,000 GBP
(+ closing costs)

Rental Income: ca. 497,500 GBP per annum
(+ indexation linked to inflation)

Net Yield: 6.3%

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http://www.brantstone.com/property/office-property-for-sale-in-peterborough-uk-02033786 02033786 Office Building in a Suburb of Peterborough for Sale, Lease Agreement Ends 2027, Freehold