5 Quick Silver Way
Newcastle Upon Tyne NE27 0QQ
Office Property For Sale
EXECUTIVE SUMMARY
Recently re-geared (May 2024) office investment opportunity, with the tenant extending their occupation across all leases. Fully let to Accenture (UK) Limited on leases which expire on 20 December 2035, therefore providing an unexpired term of approximately 11.75 years to expiry.
Offers are invited in excess of £9,335,000 subject to contract and exclusive of VAT. A purchase at this level shows a Net Initial Yield of 9.25% assuming purchaser’s costs of 6.69 % which reflects a low capital value of only £167 per sq ft.
Offers are invited in excess of £9,335,000 subject to contract and exclusive of VAT. A purchase at this level shows a Net Initial Yield of 9.25% assuming purchaser’s costs of 6.69 % which reflects a low capital value of only £167 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
57,095 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2012
Price
£9,335,000
Price Per SF
£163.50
Net Initial Yield
9.25%
NOI
£863,488
Tenancy
Single
Number of Floors
4
Typical Floor Size
14,273 SF
Building FAR
1.31
Lot Size
1.00 AC
Parking
247 Spaces (4.32 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- EPC - B
- Central Heating
- DDA Compliant
- High Ceilings
- Lift Access
- Suspended Ceilings
- Air Conditioning
