124 Barrack St
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124 Barrack St
3,120 SF 100% Leased Office Building Norwich NR3 1TL £650,000 (£208/SF) 7% Net Initial Yield
Investment Highlights
- The property comprises a detached, predominantly two-storey, former public house and dwelling
- Internally, on the ground floor, the property provides a reception area with waiting room off, offices, xray room, four surgeries
- The property is located on the edge of Norwich city centre, on Barrack Street which forms part of the A147 inner ring road
Executive Summary
Price
Offers in the region of £650,000 (no VAT) are invited for the freehold interest, subject to the lease. This represents a net initial yield of 7% after allowing for purchaser's costs of 1.8% plus SDLT.
Offers in the region of £650,000 (no VAT) are invited for the freehold interest, subject to the lease. This represents a net initial yield of 7% after allowing for purchaser's costs of 1.8% plus SDLT.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,120 SF
Building Class
B
Year Built
1980
Price
£650,000
Price Per SF
£208
Net Initial Yield
7%
NOI
£45,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,560 SF
Parking
35 Spaces (11.22 Spaces per 1,000 SF Leased)
Amenities
- EPC - C
1 of 1
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Graham Jones -
Roche Chartered Surveyors
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124 Barrack St
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