Description

The investment comprises four purpose-built detached office buildings totalling 46,410 sq ft (4,311 sq m) with car paring for 300 vehicles (parking ration 1:155 sq ft) and lies in an attractive and mature landscaped setting.

Each building typically provides the following high specification:

Comfort cooling
Fully accessed raised doors
Modern kitchen facilities
Suspended ceiling with recessed LG lighting
Male, female and disabled WCs
Double height receptions
Shower facilities
Passenger lift
Building 3 has recently upgraded gas installation works

...

Attributes

Building area net

46,410 sf

Occupancy

100%

Number of units

WAULT

5 years

Asking price

£6,350,000

Media

Investment Highlights

A prestigious office campus comprising four detached office buildings providing open plan accommodation over ground and first floors
Situated within the busy market town of Brackley, which has strong links to the Formula One industry
Four detached buildings totalling 46,410 sq ft (4,311 sq m) NIA
Exceptional car parking ratio of 1:155 sq ft (300 spaces)
Opportunity to acquire a large 4.87 acre site (1.97 hectares), reflecting a very low site coverage of 21%
Reversionary opportunity following the recently achieved 10 year letting to Airedale Group at £15 psf
Freehold
Let to four occupiers with an unexpired term of 4.91 years until expiry
Underpinned by future redevelopment opportunities
Rent of £612,216 per annum reflecting only £13.19 per sq ft overall

Seeking offers in excess of £6,350,000 (Six Million, Three Hundred and Fifty Thousand Pounds) reflecting a Net Initial Yield of 9.04% assuming purchaser's costs of 6.63% and a low capital value of £137 per sq ft.