Units 4,5 7, Thornfield Business Park, Standard Way Business Park, Northallerton, DL6 2XQ
Size
2,509
Tenure
Leasehold
EPC
Parking
15
- Primary use
- Other
- Other use(s)
- Traditional office
Key features
- Detached modern office building.
- Ground Floor let to established covenent at £22,040 p.a.
- First Floor vacant- suitable for owner occupation/letting
- Potential to generate a total income of c.£45,000
- £400,000 freehold
Description
The accommodation comprises modern office space arranged over ground and first floors with dedicated on-site parking. The property occupies a prominent position within a well-established business park environment.
The property comprises a business park office premises offering an attractive and part-let commercial investment opportunity. The premises have been generating income of £22,040.50 per annum through a lease with a high-quality tenant CACI Ltd on the ground floor who have been in occupation since June 2022.
The first floor is vacant suitable for owner occupation or ready to be let to a new tenant. This could generate a further rental income of circa £23,000 p.a. (assuming the first floor is re-let at a low rent of £8.50 psf) totalling circa £45,000 p.a. + service charge for the building as a whole.
This reflects a low capital value of approx £78psf and would reflect a yield of circa 10.8% after the deduction of the usual purchasers costs.
Location
The property is located within the business park located on Standard Way, Northallerton, easily accessed via the B6271. Northallerton town centre is located approximately 1 mile to the south-east.
Terms
The property is available freehold subject to the occupational lease on the Ground Floor (lease term end : 09/06/2028).
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
Units 4,5 7, Thornfield Business Park, Standard Way Business Park, Northallerton, DL6 2XQ
About Montpellier Property Consultants Ltd, North Yorkshire
Based in Harrogate, we are one of the leading commercial property specialists in North Yorkshire, handling commercial property sales, lettings and acquisitions in the Yorkshire region and nationally for private clients. From our offices in the heart of the Montpellier Quarter of Harrogate we provide specialist advice in Agency, Professional Consultancy, Development, Investment and Valuation.
We act for corporate businesses, public quoted companies, property companies, family trusts, businesses, individual investors, public bodies and charities. We also provide development consultancy, land sales and professional landlord and tenant advice.
We provide integrated property services to both corporate and private clients and pride ourselves in offering professional and comprehensive advice, giving the highest quality service and optimum results for all our clients.
For further information please visit our website
www.montpellierproperty.com
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Disclaimer - Property reference 378338-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Montpellier Property Consultants Ltd, North Yorkshire . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.