Swallow House Parsons Rd 5,864 SF Office Building Washington NE37 1EZ $996,736 CAD ($169.98 CAD/SF) 9.44% Cap Rate

Swallow House is situated on a prominent location at the front of Parson Industrial Estate, Washington. Access is provided from Parsons Road linking with the A182 Washington Highway.
For Sale: Single Let Office Investment The property comprises a detached office building which has been extended being of framed construction with brick elevations beneath a flat roof. The windows to the property are uPVC framed and double glazed. The building is currently attached into three further buildings each with self-contained access. The offices are finished to a good standard with bespoke reception, open plan office accommodation with demountable partitioning to create meeting rooms and individual WC and kitchen facilities. The office accommodation is generally arranged on a carpet covered floor with painted plaster walls and a suspended ceiling with recessing lights. There are 20 car park spaces included adjacent to the office.
The Tenant has been in occupation since 2006 Good level of car parking Excellent road links Open plan office accomodation The property is elected for VAT and it is anticipated that the transaction will be treated TOGC.