Basic Facts
Property ID:
5200
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Post Updated:
2019-06-24 10:41:17
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Status:
Acquired
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Type:
Office
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Tenure:
Freehold
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Gross Rent:
£ 383,000
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Lease Term:
25 yrs from Sept '03
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VAT applicable:
Yes
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Property Description
- Freehold Blue-Chip Office Investment.
- The property comprises of a self-contained office building and was completed in 2003 to a high standard.
- The building extends 26,932 sq ft providing raised floors, suspended ceilings with recessed lighting and comfort cooling.
- 104 dedicated parking spaces available.
Location Description
- The property is situated in the town of Keighley, which is situated between Bradford and Skipton.
- The asset is close to the A629 and A650 which are main access points in and out of the town.
- Keighley train station is 0.6 miles away.
- Worth Bridge Road is situated off Dalton Lane which links to A6035 and A629, the main routes through Keighley.
- The property is adjacent to the main Kone factory.
Additional Notes
- The building is let to Kone Plc on a 25 year lease from 1st September 2003
- The current rent passing is £383,000 per annum
- In 2016, Kone had annual net sales of Eur 8.9 billion, and has been in business for nearly 40 years.
- Next rent review is September 2018.
Features
£1m - £5m
Attractive property
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Lease term: 10 - 15 years
No Break clauses
Suitable for a SIPP
Upwards Only Rent Reviews