A unique and rare opportunity to acquire a high yielding modern multi-let office park investment
33 detached and terraced units ranging in size from 650 sq ft to 18,162 sq ft
Freehold extending to 90,503 sq ft over 44.4 acres
Multi-let to 38 tenants providing diverse and sustainable income stream
Average weighted unexpired to expiry of 3.1 years (3.0 years to break)
Current topped up rent of £726,033 per annum, equating to just £8.02 psf
90% occupied with remaining suites refurbished
Triple net income of £688,852 per annum
Strong rent collection statistics throughout the Covid 19 pandemic
Extensive refurbishment works undertaken providing significant upside potential upon letting the vacant space
Numerous asset management opportunities in the short to medium term including driving the rental tone through upcoming rent reviews, lease re-gear negotiations, development of vacant plots and long term redevelopment of the site (STP)
Investment fully underwritten by vacant possession value
