Investment for sale

Key features

• Nearby occupiers include Huws Gray, Howdens Joinery, FMG Repair Services and a broad range of science, technology and innovation-led businesses associated with the wider Cambridge cluster.
• Comprising seven units across three separate sites extending to approximately 1.71 acres and providing a total floor area of 35,943 sq ft (3,339 sq m) GIA.
• Diverse income profile secured against five tenants with units ranging from 1,955 sq ft to 11,714 sq ft GIA
• WAULT of 2.14 years to tenant break options and 5.30 years to lease expiry.
• Vendor rental guarantees and income top-up arrangements provide a net income of £472,600 per annum, reflecting the assets estimated rental value less headlease rent liabilities.
• Significant asset management opportunities through the letting of vacant unit, completion of agreed leasing initiatives and capture of future rental growth.
• Property held under 3 separate long leasehold titles.
• We are instructed to seek offers in excess of £4,500,000 subject to contract and exclusive of VAT
• A purchase at this level reflects a Net Initial Yield of 9.85%, assuming purchaser’s costs of 6.57%. This is based upon a net income of £472,600 per annum after deduction of headlease rent liabilities and includes the benefit of vendor rental guaran...
• This reflects a low capital value of £125.20 per sq ft.