Kingsteignton Road, NEWTON ABBOTT

Key Selling Points

• Newton Abbott is a historic Devon Market town with a population of 25,500.
• Former Job Centre of 3,345.85 sq m (36,015 sq ft) on ground and three upper floors.
• The premises sit on a split site totalling 0.807 acres and has the benefit of 54 car spaces (ratio of 1:667 sq ft).
• Whole second floor let to Devon Partnership NHS Trust on 15 year FRI lease from 9 November 2011. Rent reviews are 5 yearly upward only.
• The passing rent is £98,000 per annum exc. The remainder of the property is offered with vacant possession.
• We are seeking offers in the region of £2.75 million reflecting a capital value of just £83.30 psf.