NHS, Unit 1 Kestrel Court, Lakeside Drive, Centre Park, Warrington, Cheshire WA1 1QX

Warrington, WA1 1QY

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Sold
NHS, Unit 1 Kestrel Court, Lakeside Drive, Centre Park, Warrington, Cheshire WA1 1QX
Price £2,075,000
Rent (pa) £193,205
Yield 8.76%

Investment Summary

  • Modern ‘A rated’ single let HQ building with 50 dedicated parking spaces on well located business park
  • Full access raised floors, suspended ceilings and low energy LED lighting with VRF air conditioning system
  • Total floor area of 11,365 sq ft NIA
  • Let to NHS Cheshire & Merseyside Integrated Care Board expiring 1st January 2035 (10.2 years unexpired)
  • There is a tenant break option on 2nd January 2030 (5.2 years unexpired)
  • Passing rent of £193,205 per annum, breaking back to £17.00 psf
  • The tenant has recently shown their long-term commitment to the building by agreeing to a new reversionary lease
  • Rents to be reviewed in January 2030 to be the higher of the OMRV or RPI (uncapped)
  • EPC A (25) rating
  • Freehold
Town Warrington
Postcode WA1 1QY
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