The Bulrushes Witney Way 9,721 SF 100% Leased Office Building Boldon Colliery NE35 9PE $1,758,288 CAD ($180.88 CAD/SF)
INVESTMENT HIGHLIGHTS
- The Bulrushes is located on the well established Boldon Business Park
- Good car parking ratio
- Newcastle upon Tyne is approximately 5 miles to the north west
EXECUTIVE SUMMARY
For Sale - Part vacant possession/To Let - Guide price: £950,000
The property is available for sale by way of a 125 year long leasehold interest from 27th April 2007 so that there is approximately 107 years unexpired at a peppercorn rental.
The sale includes Unit 6 which is let to J Humphrey Partners Ltd on a 10 year lease with a tenant only break option in the fifth, seventh and ninth years. The headline rent is £35,816 per annum from the 3rd January 2023.
The property is available for sale by way of a 125 year long leasehold interest from 27th April 2007 so that there is approximately 107 years unexpired at a peppercorn rental.
The sale includes Unit 6 which is let to J Humphrey Partners Ltd on a 10 year lease with a tenant only break option in the fifth, seventh and ninth years. The headline rent is £35,816 per annum from the 3rd January 2023.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
9,721 SF
Building Class
C
Year Built
2006
Price
$1,758,288 CAD
Price Per SF
$180.88 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,860 SF
Lot Size
79.28 AC
Parking
11 Spaces (1.13 Spaces per 1,000 SF Leased)
AMENITIES
- Raised Floor
- Accent Lighting
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
£12.50 per square foot per annum exclusive of VAT, rates and service charge. Service Charge The current service charge budget is £1.21psf. The cost f the Building Insurance premium is £0.23psf.
£12.50 per square foot per annum exclusive of VAT, rates and service charge. Service Charge The current service charge budget is £1.21psf. The cost f the Building Insurance premium is £0.23psf.
| Space | Size | Space Use | Condition | Available |
| Ground-Ste 7 | 3,232 SF | Office | Partial Build-Out | 30 Days |
| 1st Fl-Ste 8 | 3,232 SF | Office | Partial Build-Out | 30 Days |
Ground-Ste 7
| Size |
| 3,232 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 8
| Size |
| 3,232 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
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