£22.000.000
Confirmation
Multi-let Office/Life Science Park Investment
Property Details
Broker
Deactivated
74,823 sq.ft.
6,951 m²Leasable area
294 £/sq.ft.
3,165 £/m²3
Freehold
Fees
Investment Overview
Multi-let office/life science park that comprises five detached buildings providing a total net internal area of 74,823 sq ft. Excellent car parking ratio of 1:287 sq ft. Freehold tenure totalling 3.59 acres. Currently let to three tenants providing an attractive WAULT of 16.5 years to expiry. Current passing rent of £352,960 per annum, which equates to a very low rent of only £13.10 psf. Significant asset management opportunities. Consider selling off individual buildings on the park to specialist buyers. Seeking offers in excess of £22,000,000, which reflects a low capital value of only £294 psf.
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