Derby Court – High Yielding Multi Let Office Investment

19,460 sq ft, High Quality Office Building with 98 car parking spaces.

Derby Court – Investment Summary:

  • Situated on White Horse Business Park, West Wilts premier business park
  • Modern two storey office building providing a total NIA of 19,460 sq ft
  • Held long leasehold on a 999 year lease at a peppercorn from 24th June 2001
  • Fully let to three tenants;  Virgin Care Services Ltd, Roger Bullivant Ltd and Atlas Genetics Ltd
  • WAULT to lease expiries of 7.25 years and 4.45 years to break options
  • Currently producing £213,000 per annum (£10.95 per sq ft average)
  • We are currently instructed to seek offers in excess of £2,000,000 reflecting an attractive net initial yield of 10.00% assuming purchaser’s costs of 6.28%
  • A purchase at this level reflects a low capital value of £103 per sq ft