Description de l'actif
High Yielding Multi-let Office & Retail Investment
Caractéristiques de l'actif
Média
Points clés d'investissement
2 Burgage Square is a premier mixed-use development within the high profile Merchant Gate development in central Wakefield
Occupying a highly prominent position, immediately adjacent to Wakefield Westgate Train Station
Comprising a modern multi-let property totaling 28,968 sq ft arranged across ground and two upper floors
Multi-let to 5 tenants with a WAULT of 5.75 years to expiry and 4.47 years to break
Tenants include Gravity Fitness, Morgan Sindall, SSG and Specsavers
Current rental income of £377,625.50 per annum including rental guarantees
216 car parking spaces held within the adjacent MSCP
The property is held freehold
We are instructed to seek offers in excess of £2,956,000, subject to contract and exclusive of VAT
A purchase at this level reflects an attractive Net Initial Yield of 12% and a very low capital value of £102 per sq ft
Contacter l'équipe
