Albion House
Brook Street, Scarborough, North Yorkshire, YO12 7AN
Under Offer
Albion House
Brook Street
Scarborough
North Yorkshire, YO12 7AN
- Investment
- For Sale £500,000
- 10,118 sq ft (940 sq m)
The property comprises a purpose built office building arranged over ground and two upper floors.
The offices are largely open plan with toilet and kitchen facilities on each floor.
Externally there are approximately 10no. car parking spaces in the rear car park.
The Tenant has refurbished the property both internally with the inclusion of LED lighting and general refurbishment to the working areas and externally with significant works recently completed to the roof.
- Freehold commercial office investment
- Let to The Secretary of State for Housing Communities & Local Government
- Attractive initial yield of 12% after allowing for Purchasers Costs of 5.8%
- Let on single lease on FRI terms
- Current rent passing £63,500 per annum. Low rent rate psf of £6.27.
