27-31 Northgate | Sleaford NG34 7BW
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27-31 Northgate
Sleaford NG34 7BW
Office Property For Sale
Investment Highlights
- Grade II listed office building
- EPC Rating - D (77)
- Prominent frontage onto Northgate
Executive Summary
The freehold of the Property is for sale by private treaty subject to the existing lease that is in place. The Property is currently tenanted and occupied by Sills & Betteridge LLP until 30th September 2025 at an annual rent of £22,000 Per Annum. We understand it is the tenants’ ambitions to relocate and an early surrender could be considered as early as Q2 2024. A copy of the lease can be made available to any interested parties.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
5,055 SF
Building Class
B
Year Built
1800
Price
$630,862 CAD
Price Per SF
$125 CAD
Cap Rate
6.29%
NOI
$39,654 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,528 SF
Building FAR
0.96
Lot Size
0.12 AC
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