£1,150,000
Office
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Summary
Office
Type
Freehold
Tenure
-
Approx Size m2/ft2
Situated between Lawyers and Estate Agents and close to Royal Square, this building is full of light and provides an ideal location for finance and innovative tech companies, creative designers and professionals in all spheres. This fully let building currently has a passing rent of £80,500 per annum with all leases on FRI terms which provides security to the landlord expenses in relation to the insurance and repair(except of replacement of lift machinery and Air-conditioning units). All leases are subject to a rent review 3-yearly in line with JRPI.The sale price reflects a Gross Yield of 7.00%22 Hill Street provides office space over ground and three upper floors. Each floor is served by lift access and is fitted out to a good, modern office standard including suspended ceilings, LED-lighting, air-conditioning and perimeter trunking. Externally, off the 3rd floor, there is a large and attractive garden area to the rear.Ground Floor - 980 Sq.Ft / 311.70 Sqm1 st Floor - 1,161 Sq.Ft. / 107.86 Sqm 2 nd Floor - 1,161 Sq.Ft. / 107.86 Sqm3 rd Floor - 1,161 Sq.Ft. / 107.86 SqmInformation regarding tenancy schedule is available on request.
Map

Stamp Duty
Calculated on the property value of £1,150,000 the total stamp duty would be £31,250
Subject to £80 registration fee and £20 Jurat's fee where applicable.
Subject to £80 registration fee and £20 Jurat's fee where applicable.