Verified listing
Life Science development opportunity
Life Science development opportunity
Life Science development opportunity
Life Science development opportunity
Life Science development opportunity
Life Science development opportunity

Life Science development opportunity

Sunninghill, United Kingdom

73%

€20.000.000

Special purpose

Value-Add

13 May 2022

#13335

Property Details

Leasable area

Freehold

For sale

Broker

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Opportunity to develop the UK’s newest and finest Life Science facility in the heart of the Golden Triangle and close to London. Anchored by Imperial College London for over 75 years. Currently comprised of 7 commercial buildings totalling 57,187 sq ft, plus East Lodge (1,600 sq ft), together with 235 car parking spaces, on a site of 6.9 acres. The commercial buildings are believed to have been constructed in the late 1980’s or early 1990’s. Offering substantial scale at 84,743 sq ft NIA arranged across seven buildings and a site of 6.9 acres. Forecast GDV of c. £100m. Ideally positioned to capture expanding Life Science occupiers migrating from Central London to campuses – who still want to retain close ties to partner institutions, existing talent and capital. multi-let to 16 tenants on FRI leases on a short-term basis, with vacant possession achievable within the next 12 months, to allow for the re-development of the site. The current passing rent is £668,997 per annum. Impressive ESG credentials, targeting BREEAM ‘Excellent’ on the new buildings & with 2.5 million KG of carbon savings achieved via re-using the existing buildings. Access to the online data room is available upon request.