Menu Lines
Status image

Property Details

3e & 3f St Thomas Place, Ely, Cambs, CB7 4EX

Sold Subject to Contract

Investment, Office, Other Commercial

3245 Sq Ft (301.46 Sq M)

For Sale £750,000 Guide Price

Description

*** OFFICE INVESTMENT OPPORTUNITY - SUBSTANTIALLY LET TO NFU MUTUAL ***
A pair of modern office buildings built in 2008 totalling 3,245 sq ft (net) with 11 car spaces let to 2 tenants at an aggregate rent of £50,820 per annum and situated on Ely's premier business park, which is close to the rail station and new Ely southern bypass. The whole of 3e and ground floor of 3f (2,440 sq ft) is let to NFU Mutual to March 2030 at £37,820 per annum (tenant break at March 2025). The first floor of 3f (805 sq ft) is let to Argo Aviation International at £13,000 per annum until September 2024. Guide price reflects an attractive gross yield of 6.78% (approx 6.35% net yield).

Agent Details

Mark Robinson
mbr@robinsonlayer.co.uk
01223 346195