2 CARDALE PARK, HARROGATE

INVESTMENT SUMMARY

• Cardale Park is one of the premier business parks in Harrogate.
• Comprising a modern multi let office totalling 30,118 sq ft arranged across ground and upper floors.
• Financial Force occupy 19,667 sq ft at a passing rent of £295,000, reflecting £15.00 per sq ft.
• Currently 10,451 sq ft occupied by the Vendor.
• The Vendor will be vacating on sale, providing excellent immediate asset management opportunity. The space is not currently on the market.
• The property provides flexible floorplates, which are capable of subdivision.
• The property is held freehold.
• Prime Harrogate Out of Town Office rents established at £18.50 per sq ft.
• Excellent car parking provision with 141 car parking spaces at a ratio of 1:214 sq ft.

We are instructed to seek offers in excess of £4,000,000

(Four Million Pounds) subject to contract and exclusive of

VAT for our client’s interest.

A purchase at this level reflects a Net Initial Yield of 6.92%

and a very low capital value of £132 per sq ft, and a

reversionary yield of 10.97% assuming the vacant space

is let at £16.50 psf.