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Spa Place 36-42 Humberstone Rd

22,683 SF Office Building Leicester LE5 0AE £2,050,000 (£90/SF) 7.32% Net Initial Yield

Office Space Leicestershire Leicester 36-42 Humberstone Rd, Leicester, LEC LE5 0AE

Investment Highlights

  • Prime Investment / Potential For Alternative Uses
  • Price: £2,050,000 to reflect an attractive initial yield of 7.32%
  • Let to Rothera Bray LLP Solicitors

Executive Summary

We are instructed to seek offers of £2,050,000 for this valuable investment property that would show to a purchaser an initial gross yield of 7.32%, or after purchaser's costs - 6.88%, and a competitive vacant possession value of £90.37 per sq ft.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
22,683 SF
Building Class
B
Year Built/Renovated
1872/1999
Price
£2,050,000
Price Per SF
£90
Net Initial Yield
7.32%
NOI
£150,060
Tenancy
Single
Number of Floors
4
Typical Floor Size
5,671 SF
Parking
38 Spaces (1.68 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Route
  • Controlled Access
  • Security System
  • Storage Space
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+44 116 255 5455

  • Listing ID: 31872076

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 36-42 Humberstone Rd, Leicester LE5 0AE

The Office Property at 36-42 Humberstone Rd, Leicester, LE5 0AE is currently available For Sale. Contact Innes England Ltd for more information.

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© 2024 CoStar Group

Spa Place | 36-42 Humberstone Rd
+44 116 255 5455 x

Spa Place | 36-42 Humberstone Rd

Peter Doleman

+44 116 255 5455

+44 116 255 5455

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