Cedar House, Cobham
Cedar House 78 Portsmouth Rd, Cobham, SURREY, KT11 1HY, UK
2,890 sm
Asset description
- 5-storey office arranged over lower ground, ground, and three upper floors
- 38,287 sq ft total net internal area
- Flexible floor plates serving a range of occupier requirements
- 244 car parking spaces providing an excellent ratio of 1:157 sq ft
- Modern, flexible office accommodation
- New fully-equipped gymnasium
- Kitchen/canteen facilities
- Main core with generous WC and locker provision and 3 additional staircases
...
Attributes
Building area net
3,557 sm
Occupancy
100%
Floors
5
WAULT to expiries
13.6 years
Year renovated
2023
Total Annual Rent
CA$1,115,447.62
Parking spaces
244
EPC
Grade C
Tenure
Leasehold
Media
Investment highlights
- Gillingham is the most populated town in Medway, one of the largest conurbations in the South East.
- Medway is the largest regeneration zone in the Thames Gateway.
- Gillingham has unrivalled connectivity with its proximity to the M2 and M20, and a railway station with direct links to five main London stations.
- Situated on a large site on the 100-acre Gillingham Business Park, a prominent engineering and manufacturing cluster adjacent to the A2, benefitting from a range of amenities and services.
- A modern, flexible 5-storey office totalling 38,287 sq ft, which was subject to a £2 million comprehensive refurbishment in 2023 following the occupier’s relocation to the building.
- Fully let to Bapchild Motoring World (Kent) Limited trading as Big Motoring World on a 15-year term from 16 August 2023 (13.6 years unexpired) with 5-yearly break options.
- Current passing rent of £600,000 per annum reflecting a low overall rent of £15.67 per sq ft.
- Big Motoring World is a multiple award-winning business founded in 1986 with a turnover of £697 million.
- Underlying residential potential with Permitted Development recently secured for 44 units.
Contact brokers
Big Motoring World, Gillingham (0 Properties)
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Last updated
Mar 18, 2025
