Sold

Verney House, Gatehouse Road, Aylesbury, Buckinghamshire

North West

dba151

Office
£3,600,000

Tenure: Freehold
Tenancy: Single Let

Investment summary

•The property was constructed in 2 phases during the 1960’s and 1970’s and comprises a four storey detached office building with a single-store annexe to the rear. The building is of concrete frame construction with cavity brick cladding. Additionally, the property benefits from 133 car parking spaces.

•The total net internal floor area is approximately 2,564.38 sq m (27,603 sq ft).

•At the date of sale the property was let entirely to the Secretary of State for Health for a term of 17.25 years from June 1996, with a lease expiring in 2013, at a rent of £255,000 per annum, equating to £530 per sq m, (£9.24 per sq ft). There is a rent review in September 2008.

•Net intial yield 6.7%.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF


Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.