Javelin House, Gloucester Business Park_Property for Sale

Building 1420, Gloucester, Gloucestershire, GL3 4AE, UK

Javelin House, Gloucester Business Park

Description

Javelin House is a mission critical office headquarters building fully let to the investment grade covenant of EDF Energy Nuclear Generation Limited.

The property is the registered office for the tenant, and it is the principle building for its nuclear energy campus on Gloucester Business Park. EDF employs over 1,200 staff in Gloucester and the company has a longstanding presence in the local area having recently consolidated into 90,000 sq ft on the park in 2022.

Javelin House is let off a low rent of £24.56 psf, offering strong reversionary potential which can be captured at the 2027 rent review.

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Attributes

Building area net

4,889 m²

Remaining lease term

7 years

BREEAM

Very Good

EPC

Grade B

Asking price

CN¥168,424,000

Cap rate

8.5%

Media

Investment Highlights

Grade A office building extending to 52,626 sq ft and benefitting from EPC B and BREEAM Very Good ratings.
7 years of income to an investment grade covenant which generated over £2.1 billion of pre-tax profit in 2024.
Total passing rent of £1,600,451 pa reflecting a low rent of £24.56 psf.
Rents on Gloucester Business Park have grown by 40% over the past 5 years now reaching £30.00 psf.
Offers strong reversionary potential at the 2027 rent review.
The tenant has additional office space across the park to supplement Javelin House with a total office footprint of 90,000 sq ft.
Gloucester Business Park is the only commercial location providing critical mass between Birmingham and Bristol.
Exceptional car parking ratio of 1:86 psf overall with 615 spaces across Javelin House and Car Park B.