Kew Surgery | 85 Town Ln
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Kew Surgery 85 Town Ln
6,612 SF Office Building Southport PR8 6RG $2,848,065 ($431/SF) 6.23% Cap Rate
Investment Highlights
- Located in a highly prominent position on Town Lane
- Features tarmacked car park with 28 spaces
- Very accessible with 3 bus routes passing by the property
Executive Summary
We are instructed to seek offers in excess of £2,250,000 (Two Million, Two Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, for our client’s freehold interest. A purchase at this level would provide a net initial yield of 6.23%, allowing for usual purchasers costs of 6.33%, and an attractive anticipated reversion to c7.71%* in 2024. *Assumes RPI index to January 2023 and conservative 5% pa until review date on GP and Dental income.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Building Size
6,612 SF
Building Class
B
Year Built
2009
Price
$2,848,065
Price Per SF
$431
Cap Rate
6.23%
NOI
$177,434
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,612 SF
Building FAR
0.17
Land Acres
0.88 AC
Parking
28 Spaces (4.23 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Secure Storage
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Dominic Evans -
Fisher German LLP
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Kew Surgery | 85 Town Ln
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