- Modern high specification 209 sq m (2,250 sq ft) office building
- Let to Macgregor (GBR) Limited
- Located on Orion Business Park which together with Tyne Tunnel Trading Estate provides over 185,000 sq m (2,000,000 sq ft) of commercial accommodation.
- New 10 year lease from xxxx with tenant’s option to break at years 3 and 6.
- RPI rent review at year 5
- Rent £22,500 per annum (£10.00 per sq ft)
We are instructed to seek offers of £250,000 (Two Hundred and Fifty Thousand Pounds), which reflects a net initial yield of 8.77% after purchaser’s costs at 2.60%