Kelleher House | Second Ave
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Kelleher House Second Ave
18,626 SF 100% Leased Office Building Chatham ME4 5AU $745,440 ($40/SF) 7% Cap Rate
Investment Highlights
- 3 Storey building
- Cat 4 lighting
- Mix of non-slip and carpet flooring
- Basement area
- Painted walls giving the overall impression of a clean modern business
- The subject property is located around 1.6 miles from the town centre
Executive Summary
DESCRIPTION:
The subject property is comprised of a fairly sizable commercial premises which is arranged over the ground, first and second floors plus basement.
To the front of the property is a secure gated parking area.
The building is access via steps up to doors at the front of the property. The basement has its own access via a door at the side of the property. The current use of Kelleher House is a residential care and day centre.
INTERNAL DETAILS:
The accommodation arranged over ground and first floors comprises a mix of open plan and cellular office space. There are both kitchen areas plus WC’s to each of the floors. The premises is air conditioned and finished off with a mix of non-slip and carpet flooring, suspended ceilings with Cat 4 lighting, painted walls giving the overall impression of a clean modern business.
APPROXIMATE MEASUREMENTS:
Ground Floor: 143sq m. /1,534sq. ft
First Floor: 122sq m / 1,314sq. ft
Second Floor: 69sq m / 737sq. ft
Basement: 116sq m / 1,245sq. ft
TENURE & LEASE DETAILS:
Kelleher House is held on a 5 year lease from 1st June 2020 and ending on 31st May 2025. The passing rental is £42,000 per annum. We are given to understand that the building is freehold.
The subject property is comprised of a fairly sizable commercial premises which is arranged over the ground, first and second floors plus basement.
To the front of the property is a secure gated parking area.
The building is access via steps up to doors at the front of the property. The basement has its own access via a door at the side of the property. The current use of Kelleher House is a residential care and day centre.
INTERNAL DETAILS:
The accommodation arranged over ground and first floors comprises a mix of open plan and cellular office space. There are both kitchen areas plus WC’s to each of the floors. The premises is air conditioned and finished off with a mix of non-slip and carpet flooring, suspended ceilings with Cat 4 lighting, painted walls giving the overall impression of a clean modern business.
APPROXIMATE MEASUREMENTS:
Ground Floor: 143sq m. /1,534sq. ft
First Floor: 122sq m / 1,314sq. ft
Second Floor: 69sq m / 737sq. ft
Basement: 116sq m / 1,245sq. ft
TENURE & LEASE DETAILS:
Kelleher House is held on a 5 year lease from 1st June 2020 and ending on 31st May 2025. The passing rental is £42,000 per annum. We are given to understand that the building is freehold.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
18,626 SF
Building Class
B
Year Built
1940
Price
$745,440
Price Per SF
$40
Cap Rate
7%
NOI
$52,181
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,313 SF
Building FAR
0.33
Lot Size
1.28 AC
Amenities
- Kitchen
- Demised WC facilities
- Fully Carpeted
- Drop Ceiling
- Air Conditioning
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Kelleher House | Second Ave
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