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Kepler - Meltex House 4,515 SF Office Condo Unit Offered at $894,121 CAD in Tamworth B79 7XE
Investment Highlights
- Open plan two storey office building
- Good road links
- Ample car parking
Executive Summary
The property comprises a building of masonry construction arranged over two floors offering industrial accommodation within. The building is located on the Lichfield Road Industrial estate off Kepler, but close to its junction with Mariner. Lichfield Road Industrial Estate is to the North West of Tamworth town centre. The property is 1.5 miles from the A 5 which provides excellent access to the M42 and the A38.
Property Facts
| Total Building Size | 13,963 SF | Typical Floor Size | 6,982 SF |
| Property Type | Office (Condo) | Year Built | 1980 |
| Building Class | C | Parking Ratio | 3.07/1,000 SF |
| Floors | 2 |
| Total Building Size | 13,963 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 6,982 SF |
| Year Built | 1980 |
| Parking Ratio | 3.07/1,000 SF |
Amenities
- 24 Hour Access
- Accent Lighting
- Energy Performance Rating - C
- Energy Performance Rating - D
1 Unit Available
Unit C
| Unit Size | 4,515 SF | Sale Type | Investment |
| Price | $894,121 CAD | Tenure | Freehold |
| Price Per SF | $198.03 CAD | Cap Rate | 6.88% |
| Condo Use | Office | NOI | $61,470.79 CAD |
| Unit Size | 4,515 SF |
| Price | $894,121 CAD |
| Price Per SF | $198.03 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.88% |
| NOI | $61,470.79 CAD |
Description
The accommodation is spread over two floors and was originally all open plan but the tenant has installed some partitioning to create private office areas. Each floor benefits from separate WC’s and small kitchenette areas, the rear car parking is gated and fully fenced.
Sale Notes
The property is freehold and is sold subject to the existing lease from March 2019 for 6 years to J Murphy & sons at a current passing rent of £33,000 per annum, subject to a break at the end of year 3 of the lease.
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Demographics
Demographics
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Kepler - Meltex House
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