Fields End Office Village

• Opportunity to acquire an established multi-let office park with an attractive yield and future asset management opportunities.
• Located at Fields End Business Park midway between Barnsley and Doncaster with good motorway access via the M1 and A1M.
• Modern self contained park, comprising 6 buildings, 3 of which are income producing and 3 sold off long leashold.
• Income producing buildings extend to 26,383 sq ft NIA.
• Mixture of 2 and 3 storey brick built buildings with pitched tiled roof, double glazing and ample car parking.  Internal 2.7 metre clear height, comfort cooling, raised floors, suspended ceilings and male & female WC’s on each floor.
• Multi-let to 10 tenants (3 of which are currently under offer) producing a rental income of £193,480 per annum which equates to £7.33 per sq ft overall.
• Held on a 150 years long leasehold interest at a peppercorn, option to purchase the freehold from Barnsley MBC which has been triggered.
• Opportunity to add value through lease renewals and rent reviews to increase the low passing rent.

Offers are invited in the region of £1,800,000 (One Million Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 10.12% assuming purchasers’ costs of 6.22% and a low capital value of £68.22 per sq ft.