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Spencer House

Spitfire Close, Ermine Business Park, Huntingdon

PE29 6XY

Office

Status - For sale

Tenure - Freehold

Total floor area - 8,716 sq ft

Price - £1,000,000

Net initial yield - 11.11%

Single let south east self contained office investment with excellent car parking ratio of 1:189 sq ft (1:17.56 sq m). Prominent and highly visible location close to the A1(M)/A14 intersection. Established Business Park with occupiers including Ensors, Barclays and Nokia. The property currently provides a rental income of £117,500 per annum (£13.50 per sq ft). We are instructed to seek offers in excess of £1,000,000 (one million pounds), subject to contract, for the freehold interest in this property, which reflects an attractive net initial yield of 11.11% after allowing for purchasers cost at 5.8%, and a low capital value of £115.00 per sq ft.