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High yielding modern office investment

Luton, United KingdomUnlock address

89%

£4.920.000

Office

#16156

Core+

3 Feb 2024

Property Details

Broker

For sale

26,234 sq.ft.

2,437 m²

Leasable area

187 £/sq.ft.

2,018 £/m²

9.00 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Strategically located, high yielding modern office investment. M1 business park, home to a number of blue chip occupiers including Easyjet, Ernst & Young and AstraZeneca. Exceptional connectivity being located 1 mile from J10 of the M1, 1 mile from Luton Airport Parkway Rail Station and 2 miles from Luton Airport. Property provides a total Net Internal Area (NIA) of 26,234 sq ft (2,437.21 sq m) over 2 floors. Excellent car parking ratio of 1:196 sq ft – 134 spaces. • The tenant has regeared their lease highlighting their commitment to the property.The property offers an unexpired term of 4.95 years. • Strong tenant retention history – the tenant has been trading well from the building and has been in constant occupation for 24 years since the property was built. • The centre has over 77% occupancy and is expected to rise this year and is the top performing centre in Regus’ regional cluster. • Freehold