Substantial and well let commercial investment for sale.
Location
Centrum Points stands in a prominent location fronting the roundabout junction of Parkway and Third Avenue within Centrum 100, Burton’s prime business location
Accommodation
Centrum Point is a unique building, purpose designed to provide high specification offices in both cellular and open plan formats. The building stands within a landscaped site with generous car parking provision.
In addition to the original office building, there is an extremely high quality adjacent warehouse within the same site, but with independent loading access.
Office Section - 1,269 sq.m. (13,661 sq.ft.) approximately
Warehouse - 557.4 sq.m. ( 6,000 sq.ft.) approximately
Total - 1,826.5 sq.m (19,661 sq.ft.) approximately
Sale Proposal
Centrum Point provides the rare opportunity to acquire a prestige landmark building let to a PLC covenant with an unbroken term in excess of eleven years and guaranteed substantial uplifts throughout the term.
In addition to the long term investment, there is current income from the warehouse and the opportunity in the future to further enhance the investment by carrying out the office development scheme.
Terms
The property is held under a 999 ground lease from the 15th January 1997 at a peppercorn rent.