Well located multi-let office building situated in Doncaster's professional office quarter.
Well presented, fully occupied office accommodation totalling 160.6 sq m (1729 sq ft) approx
• Long standing tenants
• Current rental income £20,100 per annum
DESCRIPTION AND LOCATION:
The property is situated in Doncaster’s professional office quarter, approximately half a mile from Doncaster’s town centre. The M18 and A1 and four and five miles distant, respectively.
The property is a Grade II listed building comprising of ground, first, second and third floor offices with kitchen and W/C’s throughout. Externally, there is a large rear garden area and garage.
ACCOMMODATION: (Measurements taken from the Valuation Office)
Ground Floor: 47.82 sq m (514.73 sq ft)
First Floor: 48.77 sq m (524.96 sq ft)
Second Floor: 40.38 sq m (434.65 sq ft)
Third Floor: 23.65 sq m (254.57 sq ft)
TOTAL: 160.62 sq m (1,728.91 sq ft)
Ground Floor: Glazik Kershaw Ltd (accountants)
First Floor: Distinct Financial Management Ltd
Second/Third Floor: Secure Will Company (Doncaster Ltd)
We understand that all of the tenants are local businesses currently holding over on effectively FRI leases and have all been in occupation since 2014. We understand that the tenants would consider signing new leases, subject to agreeing suitable terms.
The current rentals are:-
Ground Floor: £ 7,500 per annum
First Floor: £ 6,600 per annum
Second/Third Floor: £ 6,000 per annum
Total: £20,100 per annum
All above rents are exclusive of the service charge (which is not currently administered).
(Two Hundred and Sixty Thousand Pounds)
Which equates to a net yield of 7.54% allowing for purchasers’ costs of 2.76%.
An EPC has been commissioned.
Vat is applicable in relation to the purchase price.
Please contact the sole agents to arrange a viewing.