Regent House

Income Producing Investment

Description

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.

Tenancy
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

Covenant
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.

VAT
Prices and rental are exclusive of VAT if chargeable.

Location
The property is located on Hanson Street, which is off Regent Street, in the centre of Barnsley.
Barnsley Station is within 400 metres.

Features

  • 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

Price
£350,000
Location
Barnsley
Status
Sold

A traditional landlord with a fresh approach

Trusted contractors

We work with various contractors and we have a wealth of experience in fitout and refurbishment work.

Bespoke tenant fitouts available

We have worked with a number of PLC’s and provided them with bespoke fitouts.

Delivered on time

We work to your timescales and ensure project delivery is on time.

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