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Charnwood Court 5a-5b New Walk 27,685 sq ft 100% Let 4-Star Office Property Leicester LE1 6TE £3,950,000 (£142.68/sq ft)
INVESTMENT HIGHLIGHTS
- Prime well secured multi-let office investment
- Well configured flexible floorplate with future alternative use potential (STP) for residential of student accommodation
- Situated just 0.4 miles (9 mins walk) from De Montfort University and 0.9 miles (19 mins walk) from the University of Leicester
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £3,950,000 (Three Million Nine Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, which reflects a Net Initial Yield of 9.11%, after purchasers costs of 6.28%. A purchase at this level represents a low Capital Value of just £142.68 per sq ft .
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
27,685 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2003
Price
£3,950,000
Price per sq ft
£142.68
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
6,921 sq ft
Parking
29 Spaces (1.05 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Raised Floor
- Security System
- Accent Lighting
- EPC - D
- Air Conditioning
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Charnwood Court | 5a-5b New Walk
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