Crown Buildings, Laneham Street, Scunthorpe, DN15 6JT

Overview

Office
Property Type

Description

Location

The property comprises a detached three storey office building which was substantially refurbished in 1993 with an adjoining self contained Annexe which is two storey and fronts Comforts Avenue.

The main building is of concrete framed construction with infill brick elevations to the ground floor and three bays with flat panel cladding above.

The property benefits from high levels of glazing providing natural light, being powder coated double glazed windows and entrance doors. The ground floor projections are surmounted by good levels of mono pitched tiled roofs whilst the main roof is a flat roof.

Access to the main building is primarily from Laneham Street into what is essentially open ground floor area with certain private and general offices together with two upper floors consisting of a mixture of open plan and cellular office accommodation. Partitioning is non-structural/ demountable and can easily be altered to suit occupiers requirements. The property further benefits from suspended ceilings incorporating fitted lighting, air conditioning and gas central heating, perimeter trunking with ladies and gents WC's on each floor and staff facilities. The property benefits from two separate staircases and a passenger lift, fire and security alarms.

The Annex building is of concrete frame construction, enclosed with mixed brick and glazing with a flat roof above. Access is via a covered porch leading to predominantly open plan office areas, staffroom and store with stairs leading to a range of private/general offices together with ladies and gents WC's.

Externally there are secure/ barrier controlled gates to the car park to the rear providing off street parking for approximately 60 vehicles in total.

The property occupies a regular shaped site fronting Laneham Street to the east and bounded by Comforts Avenue to the north. Station Road to the south and housing commercial buildings to the west.

Summary

Key points

Office investment Let to Government Department with 5 years unexpired term remaining
Rent review June 2024 £200,306 per annum
Edge of town location with good access to the railway station and on-site car parking (60 Spaces)
Net initial yield of 8.4% allowing for purchasers costs.
Would potentially suit residential conversion, hotel or business centre, subject to planning.