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High Yielding Office Opportunity, Omega House, Eccles New Road, Salford, M5 4SE
14,483 Sq Ft / Offices
Withdrawn - Last updated: 17 December 2021
- Single let office investment (14,483 sq ft) at Isher Business Park, Salford.
- Excellent location just off Regent Road providing direct access to the M602 and wider motorway network.
- Four storey office building with 59 car parking spaces.
- New 5 year reversionary lease agreed to Yodel Delivery Network Ltd and guaranteed by Shop Direct Ltd providing a total unexpired term of 5.5 years.
- Current passing rent of £XXX pa (£XXX psf) and revisionary lease in April 2015 rebased to £XXX pa (£XXX psf).
- Offers are sought in excess of £XXX (One Million Seventy Five Thousand Pounds), subject to contract and exclusive of VAT.
- Very low capital value of £XXX psf.
- This would reflect an attractive net initial yield of 14.53% and a reversion of 11.00% in April 2015, assuming acquisition costs of 5.80%.
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