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Sherbourne House

under offer

Office for sale

£2,750,000 36,015 sq ft

Sanderson Weatherall LLP
Status
Under offer
Contact name

Chris Howell - Sanderson Weatherall LLP

Full address
Kingsteignton Rd, Newton Abbot TQ12 2PF – Newton Abbot
Property owner
Mapeley Estates Ltd
Property type

Office for sale Search all

Asking price
£2,750,000
Available space range
There is 1 space available. This measures 36,015 sq ft.
Features
Air conditioning, Raised floor, Security system, Accent lighting, Energy Performance Rating - D, Central heating, Suspended ceilings
Brochure
Download the brochure

Sale details

Sale unit 3798780 Under offer

36,015 sq ft, £76.36 per sq ft

Unit Sale unit 3798780
Address Kingsteignton Rd, Newton Abbot, Devon, TQ12 2PF, GB
Size 36,015 sq ft
Price £2,750,000
Price per unit £76.36 per sq ft
Unit Sale unit 3798780
Address Kingsteignton Rd, Newton Abbot, Devon, TQ12 2PF, GB
Size 36,015 sq ft
Price £2,750,000
Price per unit £76.36 per sq ft
Sale type Investment
Tenure Freehold
Financial type Actual
Financial year 2018

Sale notes

  • Newton abbot is a historic market town with a population of 25,500..
  • The town benefits from good communications being served by the a380 dual carriageway which in turn connects to the m5 motorway at exeter.
  • Newton abbot has a mainline train service to london paddington and exeter airport is within 21 miles.
  • The premises comprise a former job centre of 3,345.85 sq m (36,015 sq ft) on ground floor and three upper floors.
  • The premises sit on a split site totalling 0.735 acres.
  • The property has the benefit of 54 car spaces (a generous ratio of 1:667 sq ft).
  • The second floor is let to devon partnership nhs trust by way of a 15 year full repairing and insuring lease from 9 november 2011..
  • Rent reviews are 5 yearly to the open market.
  • The passing rent is £8,000 per annum exc.
  • The remainder of the property is offered with vacant possession.
  • We are seeking offers in the region of £2,750,000 (£2.75 million pounds) for he benefit of our client’s freehold interest in the property.
  • A purchase at this level would reflect a capital value of just £821.91 psm (£76.36 psf).

Property description

The property comprises a brick building comprising office accommodation arranged over four floors.

The property is located in the heart of Newton Abbot Town Centre in a prominent position within easy walking distance of the main shopping centre, bus station and other amenities. Kingsteignton Road is situated close to Newton Abbot Road linking the A380 dual carriageway providing access to Exeter and the A38 Devon Expressway to Plymouth.

Number of storeys
4
Parking ratio
0.17
Rentable building area
36,015 sq ft
Year built
1988
Utilities
Lighting

Attachments

PDF #1 Marketing brochure/flyer Download

This office for sale is located in Newton Abbot.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Sanderson Weatherall LLP. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sanderson Weatherall LLP for full details and further information.