A single storey property totalling 20,820 sq ft of business and hybrid space with 90 car parking spaces on a site of 2.19 acres

The property is situated in a highly accessible location, immediately off the A18 dual carriageway

One of the only properties offering professionally managed, small suite office space in Scunthorpe with a range of self-contained suites ranging from 168 sq ft – 1,658 sq ft

In addition to the excellent flexibility in suite sizes, whilst the majority of occupiers are office based, the business centre has recently attracted a further variety of uses including a private medical practice, photography studio and boutique hairdresser

A current passing rent of £157,208 per annum, reflecting an extremely low average rent of £8.71 psf

A strong letting history with a current occupancy rate of c. 87%. The vacant suites are to be sold with no rental guarantees, resulting in further reversionary potential for the new landlord

Opportunity to continue with the change to more hybrid space or explore a change of use to pure industrial accommodation

Freehold

Offers are sought of £1,450,000 (One Million, Four Hundred and Fifty Thousand Pounds), ex VAT and Subject to Contract. A purchase at this level would reflect a Net Initial Yield of 10.22%, assuming purchaser costs of 6.02%. Low capital value of £69.50 per sq ft.