Well-let, large office at A1(M) Junction 38 — strong income and split-let potential..
Large modern two-storey office: 6,146 sq ft (571.02 sq m)
Let to Tunstall Health Care (UK) Ltd — credit rating 86/100
Passing rent £69,460 pa; initial yield ~9.45% (after purchaser costs)
Potential to split building on a floor-by-floor basis
39 dedicated car parking spaces plus 8 additional nearby
Energy rating C — scope for energy efficiency improvements
Broadband speeds very slow; digital connectivity is limited
Local area deprived with above-average crime statistics
A substantial modern two-storey office (6,146 sq ft / 571.02 sq m) positioned at Junction 38 of the A1(M), offering immediate rental income and strong vehicular access. The property is let to Tunstall Health Care (UK) Ltd, a tenant with a strong credit score (86/100), producing a passing rent of £69,460 pa and an attractive initial yield of 9.45% after usual purchaser costs.
The building has practical, neutral-spec fit-out: open-plan floors, meeting rooms, server room, kitchen, LED lighting, raised floors and carpet tile coverage. A fully glazed entrance core, WC facilities on both floors and a generous dedicated car park (39 spaces plus a further 8 nearby) support flexible occupation. There is also clear scope to split the building on a floor-by-floor basis to suit alternative uses or multiple occupiers.
Important considerations are stated plainly: tenure is not specified, broadband speeds are very slow, the local area scores as deprived with above-average crime, and the energy rating is C — potential buyers should factor in local socio-economic conditions and operating costs. The property suits investors seeking a long-income asset with re-letting or split-let potential, or an occupier requiring secure, well-specified offices with excellent motorway links.
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