The property comprises an office building unit of steel portal frame construction with part brick and part profile metal clad elevations and a pitched roof with translucent roof panels.
Internally, the property provides four large rooms of open plan office accommodation, which are used as call centres, as well as a number of smaller ancillary offices and training rooms. There is a modern reception area and a canteen with a commercial kitchen. The open plan offices benefit from raised carpeted floors together with suspended ceilings with recessed fluorescent box lighting. The smaller offices have perimeter trunking in part. There is an 8-person (630kg) lift.
Externally there is car parking for approximately 200 cars.
We are instructed to seek offers in the region of £3,450,000 (Three Million Four Hundred and Fifty Thousand Pounds) for our clients long leasehold interest, excluding VAT. A purchase at this level would reflect an attractive net initial yield of 9.00% and a reversionary yield in June 2022 of 9.91%, assuming purchasers costs of 6.50%.