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Serviced Office Building Portfolio For Sale In County Durham

County Durham, UK
Asking Price:
Undisclosed
Turnover:
Undisclosed
Net Profit:
Undisclosed

LOCATED IN COUNTY DURHAMYE26 turnover of circa £358,000, with an adjusted EBITDA of £249,000.Operates two serviced office buildings, let to a stable base of long-term tenants.Circa 30 active clients, primarily comprising small businesses across financial, legal, utilities, property, facilities management, and healthcare sectors.Scope to increase profitability through a 20% rent review, with historically low rents providing providing substantial potential uplift.Multiple untapped income streams identified, including electric vehicle charging, vending machines, and enhanced car parking revenue.Operates from owned premises valued at circa £2 million, which are to be included in the sale.Being sold to facilitate retirement plans.Offers invited.

Property Information

Property:

Freehold