Fairfax House | London Rd
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Fairfax House London Rd
4,788 SF 100% Leased Office Building Newbury RG14 1JX £1,000,000 (£209/SF) 7.93% Net Initial Yield
Investment Highlights
- The property benefits from 3 separate entrances; front door on London Road, secondary door on London Road and a rear entrance from the rear car park.
- To o the rear of the property and accessed via Pelican Lane there are 12 marked car parking spaces, which are both open air and under croft.
- Key Market Town within 1 hour of London, Bristol, Oxford and South Coast.
- The floor plates are predominately open plan and the tenant has fitted various partitions to create offices and meeting
- Single let Office Investment.
Executive Summary
We are instructed to seek offers in excess of £1,000,000 (One Million Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
4,788 SF
Building Class
B
Year Built
1899
Price
£1,000,000
Price Per SF
£209
Net Initial Yield
7.93%
NOI
£79,300
Percent Leased
100%
Number of Floors
3
Typical Floor Size
1,596 SF
Amenities
- Security System
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Ben Duly -
Guy Parkes -
Vail Williams LLP
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Fairfax House | London Rd
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