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The Green Building Langhurstwood Rd

2,755 SF 100% Leased Office Building Horsham RH12 4QD £450,000 (£163/SF) 8.21% Net Initial Yield

Investment Highlights

  • Rural outlook with excellent natural light
  • Prominently located in approximately 1.5 miles north of Horsham Town Centre
  • 12 on-site car parking spaces

Executive Summary

The Green Building comprises 4 self-contained offices which are each let to individual tenants, along with a communal break out/kitchen area and separate male and female WC's, used by all. New double-glazed windows have recently been fitted to the offices which have a 10-year warranty. The roof has also been insulated and re-covered with a 20-year insurance back warranty.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
2,755 SF
Building Class
B
Year Built
1990
Price
£450,000
Price Per SF
£163
Net Initial Yield
8.21%
NOI
£36,930
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,378 SF
Building FAR
1.57
Lot Size
0.04 AC
Parking
12 Spaces (4.36 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Accent Lighting
  • EPC - D
  • Common Parts WC Facilities
  • Perimeter Trunking
  • Wooden Floors
  • Listing ID: 27667688

  • Date on Market: 03/02/2023

  • Last Updated:

  • Address: Langhurstwood Rd, Horsham RH12 4QD

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