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Elm House Caulfield Rd

6,695 SF 100% Leased Office Building Inverness IV2 5GH $1,392,387 ($208/SF) 7.83% Cap Rate

Investment Highlights

  • Multi-Let on FRI Lease Terms to Strong Covenants
  • 24 car parking spaces
  • Modern 2-storey detached office pavilion

Executive Summary

The subjects comprise an attractive modern 2-storey detached office pavilion of masonry construction under a pitched and tiled roof constructed circa 2001. Multi-Let on FRI Lease Terms to Strong Covenants

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,695 SF
Building Class
B
Year Built
2003
Price
$1,392,387
Price Per SF
$208
Cap Rate
7.83%
NOI
$109,024
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,348 SF
Slab To Slab
10’
Building FAR
0.77
Land Acres
0.20 AC
Parking
22 Spaces (3.29 Spaces per 1,000 SF Leased)

Amenities

  • Energy Performance Rating - E

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • -
  • 3,016 SF
  • -
  • May 2034
  • Pat Muno Alness Ltd
  • -
  • 1,506 SF
  • -
  • Jan 2025
  • -
  • 1,529 SF
  • -
  • Jul 2029

For well over a century, Savills has been helping people thrive through places and spaces. With many professionals dedicated to commercial and prime residential real estate across many countries, no matter where clients are, they have the expertise to bring their vision to life. Whether a client is a corporate looking to expand, an investor seeking to sustainably optimize their portfolio or a family trying to find a new home, they bring a truly personal approach to every project, delivering best-in-class insights and advice to help them make better property decisions. Founded in the UK in 1855, Savills is one of the world’s leading property agents. They have offered outstanding property, specialist services and expert advice to clients, helping them with their property decisions and ambitions.

Tenant Industry SF OCCUPIED RENT/SF Lease End
- 3,016 SF - May 2034
Pat Muno Alness Ltd - 1,506 SF - Jan 2025
- 1,529 SF - Jul 2029
  • Listing ID: 32214531

  • Date on Market: 3/26/2024

  • Last Updated:

  • Address: Caulfield Rd, Inverness IV2 5GH

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