Descripción del activo
Fully Occupied Office Campus on a 20 Acre Site with Excellent Alternative Use Potential
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Atributos
Área de construcción neta
25.655 m²
Ocupación
100 %
Año de construcción
1995
Área de terreno bruta
8,09 ha
Medios
Aspectos destacados de la inversión
- 20 acre site with excellent alternative use potential
- Low passing rent of only £4.50 psf compared to prime business park rents of £16.50 psf
- Let to Newcastle Estate Partnership Limited who have sublet by a Private Finance Initiative to DWP
- 100% occupied by DWP
- Excellent urban location less than 4 miles from Newcastle City Centre, 5 miles from the A1(M) via the A191 and Benton Metro Station being within 0.4 miles
- Long leasehold with in excess of 220 years remaining - the head lease has no onerous use clauses or any head rent payable
- Sub-tenant in full occupation with mutual break in January 2025 and lease expiry in December 2027
- 4 high specification buildings and on-site amenity constructed between 1995 and 2003 and extending to 276,148 sq ft in total
- Current passing rent of £981,395 per annum
- Minimum rent roll to break of £1,002,904
- Minimum rent roll to lease expiry of £3,944,000
- Recent Taylor Wimpey scheme in the micro location consisting of 75 dwellings
- We are instructed to seek unconditional offers for our client's Long Leasehold interest
Contactar a los agentes
Tyneview Park, Benton, Newcastle Upon Tyne NE12 9TR (0 Propiedades)
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Última actualización
May 16, 2024
