Income-producing, turnkey office asset with parking and modern services.
Freehold Victorian office building over four floors, nine fully let suites
A substantial, fully refurbished Victorian office building arranged over four floors, offered freehold with immediate income. The property comprises nine let office suites, producing a gross annual income of £66,000 and presenting a strong reported net yield of 12%+, giving buyers instant cash flow on completion.
Refurbishment works are recent and high-spec: two new combi boilers, air conditioning, LED lighting, modern communal areas, and high-spec male and female toilets (including a walk-in shower). Additional tenant amenities include a fitted kitchen, staff break room and a separate tea/coffee station. Externally there is private off-street parking for up to eight vehicles.
Value drivers are clear for investors: freehold tenure, fully let income-producing asset, energy-efficient systems, and a large plot with strong conversion or reconfiguration potential. The building’s Victorian facade and large bay windows add period character that can support long-term tenant appeal.
Material drawbacks and risks are also significant: the location sits in a very deprived area with high local crime rates, which can affect tenant retention and rental growth. The wider area profile indicates constrained young families and hard-pressed flat dwellers, so tenant mix is likely local businesses rather than premium occupiers. Council tax and some service details are unknown. Buyers should factor in area risk when underwriting future capital growth and re-letting assumptions.
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