Euston Way | Telford TF3 4LY
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Euston Way
Telford TF3 4LY
Towergate House · Office Property For Sale
Investment Highlights
- 48 car parking spaces
- Adjacent to Telford Central train station.
- Extending to 15,410 sq. ft of office space
Executive Summary
Let entirely to Advisory Insurance Brokers Limited (5A1 D&B) trading as Towergate Insurance Brokers on a Full Repairing and Insuring basis for a term of 10 years from 17th March 2016, thus providing an unexpired term of approximately 3.1 years.
The current passing rent is £192,000 per annum reflecting £12.45 per sq. ft
The current passing rent is £192,000 per annum reflecting £12.45 per sq. ft
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
20,066 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2004
Price
£1,810,000
Price Per SF
£90
Net Initial Yield
10.61%
NOI
£192,000
Tenancy
Single
Number of Floors
3
Typical Floor Size
5,137 SF
Building FAR
0.65
Land Acres
0.71 AC
Amenities
- Kitchen
- Reception
- Central Heating
- Common Parts WC Facilities
- Open-Plan
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