Cedar House, Cobham
Cedar House 78 Portsmouth Rd, Cobham, SURREY, KT11 1HY, UK
2.890 vierkante meter
Objectomschrijving
Fully Occupied Office Campus on a 20 Acre Site with Excellent Alternative Use Potential
...
Kenmerken
Netto gebouwoppervlakte
18.463 vierkante meter
Bezettingspercentage
100%
Bouwjaar
1999
Media
Investeringskenmerken
- 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
Contact adviseurs
Waterview Park, Washington, Sunderland NE38 8QG (0 Eigendommen)
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Laatst bijgewerkt
9 dec 2024
