Sold
Voyager House, 253-257 Parkstone Road, Poole, Dorset
South West
dba004
Office£4,250,000
Tenure: Freehold
Tenancy: Multi Let
Investment summary
•Net intial yield of 7.0% and a reversionary yield of 7.5%.
•Freeehold, recently refurbished and air-conditioned office building.
•Total net internal area of 3,206 sq m (34,512 sq ft).
•Excellent car parking ratio of 1:29 sq m (1:314 sq ft).
•61% of income secured to American Express.
•Low average passing rent of £102.26 per sq m (£9.50 per sq ft) overall.
•Low capital value of £1,372 per sq m (£127 per sq ft).