Welbeck House is a semi-detached office building located in a prime position towards the entrance of the development with direct frontage onto the main roundabout into town. The building is arranged over three floors and is currently let to two tenants. It provides its own self-contained car parking area including 22 car parking spaces and is producing a rental income of £44,535 per annum exclusive. The property is on the market with an asking price of £510,000.
Alan Matthews, Director of Barker Storey Matthews commented, “This investment is showing an attractive net initial yield of just under 8.5% and an extremely attractive capital value of only £105 per sq ft. Recent office sales with vacant possession have been achieving figures of around £140 - £150 per sq ft and this figure looks set to rise as prices in excess of £200 per sq ft would be needed to make new development viable”.
For more information or to arrange a viewing contact Alan Matthews at Barker Storey Matthews on 01480 451 578 or email@example.com