Cedar House, Cobham
Cedar House 78 Portsmouth Rd, Cobham, SURREY, KT11 1HY, UK
2 890 mètres carrés
Description de l'actif
Fully Occupied Office Campus on a 20 Acre Site with Excellent Alternative Use Potential
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Attributs
Superficie du bâtiment nette
18 463 mètres carrés
Occupation
100 %
Année de construction
1999
Média
Points forts de l'investissement
- Fully occupied office campus representing an excellent covered land opportunity
- Let to Newcastle Estate partnership Limited who have sublet by a Private Finance Initiative to DWP
- Sub-tenant in full occupation with a mutual break option in March 2027
- Lease expiry in December 2027
- Rent commencement date of October 2024 providing in excess of 2 years of income
- A very low passing rent of only £4.50 psf compared to prime business park rents in the region of £14.50 psf and industrial rents of £7.50 psf
- Initial rent of £347,804 pa in October 2024, rising to £621,063 pa in November 2024 and £894,314 pa in January 2025
- Total minimum cumulative rent receipt to break date of £2,071,920
- Total minimum cumulative rent receipt to lease expiry of £2,505,475
- 20 acre site situated in a prime industrial location and allocated for employment use
- The property represents an excellent opportunity to redevelop as a mid-box industrial scheme or office refurbishment
- Strong location within a well-established industrial estate
- Long Leasehold with in excess of 220 years remaining
- We are instructed to seek unconditional offers for our client's Long Leasehold interest
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Dernière mise à jour
9 déc. 2024
