Offices units with 7.1% yields near Middlesborough
Type:
Commercial/Bulk Investments
Price: £1.35 m
Area: Redcar, England Date Added: 15-Feb-2010
Feature:
- New build offices
- 665 sq m (7,161 sq ft) Net internal area
- New Lease to 3 major corporations and goverment departments
- New 10 year FRI lease commencing end of March 2010 without break
- Tenant investing c£300K fitting out.
- Rent - £101,700 pa (£14.20 psf) subject to upward only market review in year 5.
- Offers in the region of £1.35m reflecting a net initial yield of 7.12%.
Bristol Freehold Office Investment – 9% net initial yield
Type:
Mixed use/Bulk Investments
Price: £8.5 m
Area: North of Bristol city, England Date Added: 15-Feb-2010
Feature:
- Located in one of the country’s leading out of town business parks just off junction 16 of the M4 and within less than 1.5km (1 mile) of the M4/M5 interchange.
- The Park also sits adjacent to the A38 and is 13km (8 miles) north of Bristol City Centre.
- Property is a three storey building totalling approximately 4,592.72 sq m (49,436 sq ft).
- Provides 235 car parking spaces at an excellent ratio of 1:19.51 sq m (1:210 sq ft).
- Let in its entirety to major UK Bank on a full repairing and insuring lease for a term of 25 years from 31 December 1990, there are approximately 6 years unexpired.
- Annual rental income of £803,200 per annum, which reflects an overall rent of approximately £174.89 per sq m (£16.25 per sq ft).
- We are instructed to seek offers in excess of £8,500,000 subject to contract and exclusive of VAT, which reflects a net initial yield of approximately 9.00% after normal purchaser’s costs of 5.7625%.
Retail unit with 8.4% yields in Durham (NE England)
Type:
Commercial/Bulk Investments
Price: £2.25 m
Area: Bishop Auckland, Durham, England Date Added: 15-Feb-2010
Feature:
Prime retail unit let to cooperative in Bishop Auckland (Durham)
- Let for a term of 10 years from completion subject to a mutual option to determine on the anniversary of the 5th years.
- The initial rent will be £200,000 per annum, equating to £3.50 sq ft.
- The property is held freehold
- Offers in the region of £2,250,000
- A purchase at this level shows a net initial yield of 8.4%, assuming purchasers costs of 5.7625%.
Type:
Commercial/Bulk Investments
Price: £3.5 million
Area: Covent Garden, London Date Added: 05-Feb-2010
Feature:
• Virtual Freehold in the heart of Covent Garden
• Modern office and residential building redeveloped in 2004
• Office element is for sale comprising 6,299 sq ft (585.2 sq m) over Ground, 1st & 2nd floors
• Let to 2 tenants producing a total current rent of £203,925 pax (£32.37 per sq ft overall)
• Potential to convert 2nd floor to residential (formal planning consent has been obtained) following lease expiry in December 2010
Offers are sought in excess of £3,500,000, subject to contract, and exclusive of VAT, reflecting a capital value per square foot of £556
Type:
Commercial/Bulk Investments
Price: £30 million
Area: Grosvenor Street (Mayfair), London Date Added: 05-Feb-2010
Feature:
• Prime Mayfair location on Grosvenor Street, regarded as the West End of London’s sought after office addresses.
• Rare opportunity to purchase a prime Mayfair property with vacant possession.
• Comprising 24,612 sq ft of office accommodation together with 4 residential flats totalling 3,893 sq ft.
• Long leasehold with 123 years unexpired at a head rent based on 10% of rents received.
• Potential redevelopment/refurbishment of the site.
• Offers in excess of £30m reflecting a capital value of £1,048 per sq ft.
Type:
Commercial/Bulk Investments
Price: £1,450,000
Area: Manchester, England Date Added: 05-Feb-2010
Feature:
SIZE: Ground floor 5325 sq ft and First Floor 5153 sq ft.
LEASE:The property is held long leasehold for a term of 150 years from 16 December 1992
TENANCY
The property is let to the a government department for a term of 25 years from 16 July 1993 on full repairing and insuring terms subject to five yearly upward only rent reviews. The current rent passing is £107,550 per annum.