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For Sale£1,200,000.00

126-128 Park Road, Peterborough, PE1 2TT

Other, Other Property Types & Opportunities , 7664 Sq Ft
Property type: Other, Other Property Types & Opportunities
Tenure: Investment Opportunity, For Sale Freehold
Size: 7664 Sq Ft
Price: £1,200,000.00
Location: 126-128 Park Road, Peterborough, PE1 2TT
126 - 128 Park Road is located adjacent to Clifton House, at the northern end of Park Road close to its junction with Burghley Square and within walking distance of Peterborough City Centre.
The building is let to Secretary of State for the Environment on a lease to 31st March 2018 at a rent of £71,785 per annum. An agreement has been entered into for the tenant to complete a new 10 year FRI lease from 01 April 2018 at a rent of £86,000 per annum, 5 year upwards only rent review and tenant break at the expiry of the 8th year.
Clifton House adjacent comprises a 5 storey building of 49,858 sq ft and is also available freehold. BIDS TO BE SUBMITTED BY 01 DECEMBER 2017
( Agency Pilot Software Ref: 15833 )
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