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Property details
Map & nearby

Office for sale in Unit 5 Nightingale Place, Sidestrand, Pendeford Business Park, Wolverhampton, West Midlands

Investment

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Office for sale

1,259 sq. ft*

Property features

Investment opportunity
Located in the established Pendeford Business Park
7.52% net yield
VAT is applicable
Sale Price: £195,000

Property description

The premises comprise a modern two storey brick built office with pitched clay tiled roof. The office benefits from an open plan-design, electric heating and 5 designated parking spaces. The property is subject to a lease dated 10th December 2021 for a term of three years ending on the 30th June 2024. The rent under the lease is £15,000 per annum. Please note the parties to the lease have agreed a new lease for a further term of three years to commence on the 1st July 2024. Under this new lease the tenant will have the benefit of break clause on the 30th June 2026. At an asking price of £195,000 this investment opportunity offers an attractive 7.52% net yield at the current rent.

Investment opportunity

Located in the established Pendeford Business Park

7.52% net yield

VAT is applicable

Sale Price: £195,000

Property info

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Louis Taylor, and do not constitute property particulars. Please contact Louis Taylor for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.