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27-31 Northgate
Sleaford NG34 7BW

Office Property For Sale

Office Space Lincolnshire Sleaford 27-31 Northgate, Sleaford, LIN NG34 7BW

Investment Highlights

  • Grade II listed office building
  • EPC Rating - D (77)
  • Prominent frontage onto Northgate

Executive Summary

The freehold of the Property is for sale by private treaty subject to the existing lease that is in place. The Property is currently tenanted and occupied by Sills & Betteridge LLP until 30th September 2025 at an annual rent of £22,000 Per Annum. We understand it is the tenants’ ambitions to relocate and an early surrender could be considered as early as Q2 2024. A copy of the lease can be made available to any interested parties.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
5,055 SF
Building Class
B
Year Built
1800
Price
£350,000
Price Per SF
£69
Net Initial Yield
6.29%
NOI
£22,000
Tenancy
Single
Number of Floors
2
Typical Floor Size
2,528 SF
Building FAR
0.96
Lot Size
0.12 AC
 

  • Listing ID: 30416052

  • Date on Market: 21/12/2023

  • Last Updated:

  • Address: 27-31 Northgate, Sleaford NG34 7BW

The Office Property at 27-31 Northgate, Sleaford, NG34 7BW is currently available for sale. Contact Pygott & Crone for more information.

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