Income Producing Investment

5 Years Remaining

Prominently situated

Price: £350,000

Gross Initial Yield of 10.06%

New Internal Repairing Lease toLong-Established Covenant

999 year leasehold

Ground floor office, approx.2,090 sq.ft

Adjacent car park

Gross Rent £39,000

11 Regent House comprises of a ground floor office & adjacent car park. The premises is approximately 194.20 sq m (2,090 sqft) and let to the Long Established Medacs Healthcare PLC.

The property is let to Medacs Healthcare Plc  who have occupied this property for 4 years and have agreed the following new lease; 6 year internal repairing lease which expires 26/09/2025 at a rent of £39,000 per annum.

The rent is inclusive of service charge, insurance and water rates. The Net rent is approx. £35,225 pa after deducting S/C, Insurance & ground rent.

The lease has two break clauses26/09/2021 & 26/09/2023. This tenant has made a significant investment in the property; they carry out assessments on behalf of the Department for Work & Pensions.

This new lease is to commence ASAP and expire 26/09/2025

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Medacs Healthcare is a leading healthcare staffing company providing healthcare recruitment expertise to both the public and private sectors. A member of Impellam Group PLC, they were established in 1990and have evolved our approach to the healthcare markets.

Operating in the UK, Europe, Australia, New Zealand and the Middle East, Medacs Healthcare has extensive experience in delivering to a variety of clients including NHS Trusts, PCTs, third sector and private sector organisations.

They provide high quality locum, temporary and permanent doctors, nurses and allied health professionals in large volumes. They are the largest provider of on-framework locum doctors to the NHS, and the only organisation to have achieved successes on every national framework.

Prices and rental are exclusive of VAT if chargeable.