Investment details
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Avnet House
Rutherford Close, Stevenage
SG1 2EF
Office
Status - For sale
Tenure - Freehold
Total floor area - 29,756 sq ft
Price - £1,970,000
Net initial yield - 12.00%
Capital value - £69.27 per sq ft
Well-specified South East office investment, situated in an established office location just off Gunnels Wood Road giving excellent access to Stevenage town centre and the A1(M) via J7 & J8. The property benefits from a modern internal specification including raised floors, air conditioning, and double glazing, together with 131 car parking spaces, providing an excellent parking ratio of 1:227 sq ft. The property provides an unexpired term of approximately 5 years and currently produces a rent of £249,850 per annum, reflecting a low rent of £8.40 per sq ft.
Agent details
Lambert Smith Hampton
Hugh White
Telephone: 020 7198 2212
Mobile: 07775 708 668
Office: London
hwhite@lsh.co.uk
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Lambert Smith Hampton
Stephen Parry-Jones
Telephone: 020 7198 2233
Mobile: 07771 388 262
Office: London
sparryjones@lsh.co.uk
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