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£195,000

Unit 5 Nightingale Place, Sidestrand, Pendeford Business Park, Wolverhampton, West Midlands, WV9

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.
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  • Property Details

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