DescriptionThe property comprises the second and third floor within the Paramount Court development constructed c. 2002. The sale also includes 40 no. car parking spaces situated at basement level.
Access to the office accommodation is provided via the main shared reception area at ground floor level and from the basement using the two passenger lifts or main staircase within the building.
The office floor plates are �??L�?� shaped and provide for a mixture of open plan and cellular office space and kitchenette facilities. Two six person elevators serve the entire building.
Each floor provides for steel raised access floors, with high power data cabling, suspended acoustic ceiling tiles and temperature is regulated via recessed air handling system. Toilets are provided in the entrance hall upon exiting the elevator system.
Accommodation*Rent review has been agreed on a floor area of 9,835 sq.ft
** Rent review has been agreed on a floor area of 10,000 sq.ft
All intending purchasers are specifically advised to verify the floor areas and undertake their own due dilligence
FeaturesSuburban office investment in the centre of Sandyford Business Park
Gross internal area of approximately 1,893 sq.m (20,384 sq.ft)
Combined rental income of �?�568,678 per annum
Strong tenant covenant including Smith & Williamson and PrePay Power Limited
Tenants not affected by the sale
Weighted average unexpired lease term of approx. 5 years to break option and 12 years to expiry
Guiding in excess of �?�7,000,000 which equates to a net initial yield of 7.50%