Cedar House, Cobham
Cedar House 78 Portsmouth Rd, Cobham, SURREY, KT11 1HY, UK
2,890 m²
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 m²
Occupancy
100%
Number of floors
5
WAULT to expiries
13.6 years
Year renovated
2023
Total Annual Rent
NT$25,737,708.75
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)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
18 Mar 2025
