St Christopher House | 217 Wellington Rd S
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St Christopher House 217 Wellington Rd S
75,682 SF 100% Leased Office Building Stockport SK2 6NG £6,215,000 (£82/SF) 12% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Income producing
- On site parking
- A highly prominent asset fronting the A6
- Good location
- AWULT of 3.03 years to expiry and 1.45 years to break
EXECUTIVE SUMMARY
Freehold investment opportunity the property is currently multi-let to 4 tenants with 75% of passing rent coming from Vitality, who occupy the building as their northern HQ and will rent the spaces back on completion. Total passing rent of £795,037 on completion reflection a NIY of 12% , a Reversionary Yield of 16.55% and a very low Capital Value of £82 psf, subject to purchasers costs of 6.64%
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
75,682 SF
Building Class
B
Year Built
1968
Price
£6,215,000
Price Per SF
£82
Net Initial Yield
12%
NOI
£745,800
Percent Leased
100%
Tenancy
Multiple
Number of Floors
10
Typical Floor Size
7,568 SF
Building FAR
1.04
Lot Size
1.67 AC
Parking
124 Spaces (1.64 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Fenced Lot
- Property Manager on Site
- Raised Floor
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Bicycle Storage
- DDA Compliant
- Suspended Ceilings
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
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St Christopher House | 217 Wellington Rd S
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