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Discovery House, Norwich Business Park, Whiting Ro, Norwich, NR4 6DJ
not specified / Offices
Withdrawn - Last updated: 15 April 2023
• Located in Norwich, the administrative and commercial capital of East Anglia, 110 miles north east of Central London.• Headquarters office built in 1992 comprising 2,097.34 sq m (22,576 sq ft) of modern accommodation arranged over ground and first floor.• Excellent car parking ratio of 1:22.8 sq m (1:245 sq ft).• Freehold. • Let to Aviva Life & Pensions UK Ltd on a FRI lease expiring 30 September 2017, providing approximately 5 years term certain.• Current passing rent of £300,000 per annum, equating to £143.04 per sq m (£13.29 per sq ft) overall. • Aviva Life & Pensions UK Ltd is rated 5A2 by Dun & Bradstreet, representing a lower than average risk of business failure.• Sublet in its entirety to Virgin Money Unit Trust Managers Ltd, creating asset management opportunities.• Offers sought in the region of £2,360,000 (Two Million, Three Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT, reflecting an attractive net initial yield of 12%, assuming purchaser’s costs of 5.8%, and a low capital value of £105 per sq ft.
Location
Discovery House, Norwich Business Park, Whiting Road, Norwich , NR4 6DJ, Norfolk, Eastern
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