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88 Newbottle St 9,863 SF Office Building Houghton Le Spring DH4 4AJ $837,969 CAD ($84.96 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prominent town centre office building
- Passenger lift to all floors
- High quality fit out constructed 2003
- Suitable for owner occupation/redevelopment STP
EXECUTIVE SUMMARY
As a condition of the sale, Gentoo Group Limited will lease back the ground floor and basement at an annual rental of £27,500 for a term of 10 years with a rent review and tenant only break at the end of year 5 on a tenant internal repairing basis. The first floor will be sold with vacant possession and on this basis the car park is shared on a 50/50 basis. Alternatively, the property can be sold with full vacant possession
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Tenure
Freehold
Building Size
9,863 SF
Building Class
B
Year Built
2010
Price
$837,969 CAD
Price Per SF
$84.96 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,932 SF
Building FAR
2.07
Lot Size
0.11 AC
Parking
7 Spaces (0.71 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
- Smoke Detector
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88 Newbottle St
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