Rare opportunity to acquire a Prime Head Quarters office building occupied by a major UK Plc for in excess of 21 years, with fixed indexation.
Modern Grade A accommodation extending to 3,020.24 sqm (32,510 sq ft) over ground, 1st and 2nd floors in two wings
Let to Marshalls Mono Limited (Company No: 509579), D&B Rated 5A1.
Passing rent of £471,366 pa is subject to fixed increases every 5th year equivalent to 2.5% pa compounded. The vendor will top up the rent to £533,307 pa (12 November 2017 increase).
Offers are invited in excess of £7,000,000 (SEVEN MILLION POUNDS) subject to contract and exclusive of VAT. A purchase at this level reflects the following attractive yield profile:
Net Initial Yield 7.14%
Reversion Yield in 2022 8.08%
Reversion Yield in 2027 9.14%
Reversion Yield in 2032 10.35%