This building was constructed in 2012 to provide a detached two-storey self-contained office building to a high specification with air conditioning. It sits on a site of 0.75 acres comprises a little over 10,300 sq ft of built accommodation which can be split floor by floor or part floor. The offices have the benefit of VRV air conditioning, raised access flooring with 150mm clear void, suspended ceilings throughout with LG3 light fittings, an 8-person passenger lift and generous car parking.
( Agency Pilot Software ref: 574 )
Location
• Ashford offers fast access to central London L S U R Y R O A D B E Y A
• Train - 49 Minutes to London St Pancras - Fast & Frequent Trains
• Car - Junction 9, M20 1 miles / 5 minutes distance
• Mature business park
• Local community shopping centre 5-minute walk
Accommodation
Ground 643.42 sq m ( 5,365 sq ft )
First 466.47sq m ( 5,039 sq ft )
Total 1,109.89 sq m (10,313 sq ft )
Terms
Ground Lease The property is held on a ground lease on the following basis:
Expires: 2160
Current Rent: £50 Per Annum Occupational
Lease Details
Current Rent: £223,542
£21.68 per Sq. Ft.
Expires: August 2027
Pricing
Offers in the region of £2 Million plus VAT (£206.53 per sq ft) are sought reflecting an NIY of 10.5%. Sold as a TOGC. Tenant EDF Energy Nuclear Generation Limited. Viewed as an exceptionally strong tenant.
Specification
• Modern Office Investment, held on a long ground lease
• Attractive 10.5% yield* (*NIY based on 6.5% purchaser’s costs)
• Let to the exceptional covenant of EDF Energy Nuclear Generation Limited
• Excellent out of town business park