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High St - East Point
1,352 - 1,664 SF Office Condo Units Offered at $486,665 - $603,826 CAD Per Unit in Seal TN15 0EG
Investment Highlights
- 3 x Self-Contained Suites
- Projected Income £93,870 (if fully let at £21 p.s.f)
- urrent Income £55,640
- Flexible Accommodation
Executive Summary
Comprises three self-contained office suites, which form part of a larger development of seven purpose-built offices constructed in the late 1980’s. Each unit is held on a 999 year lease from 1991 and benefits from a share of the management company.
Property Facts
| Price | $486,665 - $603,826 CAD | Building Class | B |
| Unit Size | 1,352 - 1,664 SF | Floors | 3 |
| No. Units | 3 | Typical Floor Size | 1,490 SF |
| Total Building Size | 4,470 SF | Year Built | 1989 |
| Property Type | Office | Lot Size | 1.83 AC |
| Property Subtype | Office/Residential | Parking Ratio | 5.59/1,000 SF |
| Price | $486,665 - $603,826 CAD |
| Unit Size | 1,352 - 1,664 SF |
| No. Units | 3 |
| Total Building Size | 4,470 SF |
| Property Type | Office |
| Property Subtype | Office/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,490 SF |
| Year Built | 1989 |
| Lot Size | 1.83 AC |
| Parking Ratio | 5.59/1,000 SF |
3 Units Available
Unit 3
| Unit Size | 1,664 SF | Sale Type | Investment |
| Price | $603,826 CAD | Tenure | Long Leasehold |
| Price Per SF | $362.88 CAD | Cap Rate | 7.50% |
| Condo Use | Office | NOI | $45,313.95 CAD |
| Unit Size | 1,664 SF |
| Price | $603,826 CAD |
| Price Per SF | $362.88 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.50% |
| NOI | $45,313.95 CAD |
Description
Unit 3 is accessed from the rear of the building and arranged over ground and first floor levels. The ground floor has as two private offices, a meeting room, and a separate room for storage. The first
floor is presently arranged as an open plan office. There is a kitchenette on each floor.
Sale Notes
Let at a rent of £25,140 pax, for a term expiring in July 2025. The lease is contracted out of sections 24-25 of the Landlord and Tenant Act
Unit 4
| Unit Size | 1,454 SF | Condo Use | Office |
| Price | $522,715 CAD | Sale Type | Owner User |
| Price Per SF | $359.50 CAD | Tenure | Long Leasehold |
| Unit Size | 1,454 SF |
| Price | $522,715 CAD |
| Price Per SF | $359.50 CAD |
| Condo Use | Office |
| Sale Type | Owner User |
| Tenure | Long Leasehold |
Description
Unit 4 is accessed from the rear of the building, and is arranged over first, second and third floors, with the main entrance at first floor level approached either via steps directly from the car park or a level walk from the High Street along a path to the side of the building. The second floor is made up of two private offices, a larger open plan space, there is a kitchenette and good circulation space. The existing partitions are demountable so the space can be open plan if desired. The third floor is a large open plan office space.
Sale Notes
The unit is available to let at a quoting rent of £30,500 pax.
Unit 6
| Unit Size | 1,352 SF | Sale Type | Investment |
| Price | $486,665 CAD | Tenure | Long Leasehold |
| Price Per SF | $359.96 CAD | Cap Rate | 10.37% |
| Condo Use | Office | NOI | $50,469.00 CAD |
| Unit Size | 1,352 SF |
| Price | $486,665 CAD |
| Price Per SF | $359.96 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 10.37% |
| NOI | $50,469.00 CAD |
Description
Unit 6 is accessed from the front of the building with steps leading directly from the High Street. These offices and arranged over first and second floors, and predominantly open plan. The first floor has two demountable partitioned offices. The upper level has been partitioned to form a general office and a larger private office / meeting space.
Sale Notes
Let at a rent of £28,000 pax, for a term expiring in November 2024. The lease is contracted out of sections 24-28 of the Landlord and Tenant Act 1954
Amenities
- Bus Line
- Fenced Lot
- Raised Floor
- Security System
- Kitchen
- Accent Lighting
- Energy Performance Rating - D
- Energy Performance Rating - E
- Storage Space
- Common Parts WC Facilities
- Open-Plan
Presented by
High St - East Point
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