Verified listing
Share:

Modern Grade A office accommodation

Reigate, United KingdomUnlock address

89%

£12.760.000

Office

#14846

Core+

2 Feb 2024

Property Details

Broker

For sale

36,274 sq.ft.

3,370 m²

Leasable area

351 £/sq.ft.

3,786 £/m²

6.50 %

3

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

36,274 sq ft NIA of modern Grade A office accommodation (with roof terrace) arranged over ground and three upper floors, delivering the best office space in Reigate. Prominently situated on London Road and within a 2 minute walk of Reigate railway station. The property was newly developed in 2009, benefitting from a high quality Grade A specification including raised floors, suspended ceilings with LG7 lighting, VRF air conditioning and an outstanding 3rd floor rooftop terrace. 70 onsite car parking spaces equating to a strong town centre car parking ratio of 1:510 sq ft. Multi-let to 3 tenants providing a range of technology and professional services, with an AWULT of 2.8 years. Total topped up income of £885,209 p.a., equating to a low average rent of £24.12 psf (on let). Excellent green credentials with an EPC B (37) rating