Sitting in an elevated position, this two-storey self-contained office building was constructed in 2012 to provide a high specification environment with air conditioning.
The offices have the benefit of:
- VRV electric -only air conditioning
- Built 2012
- Raised access flooring with 150mm clear void,
- Suspended ceilings throughout with LG3 light fittings
- 8-person passenger lift
- WCs on both floors
- Staff canteen on ground floor
- 39 car parking spaces
- Electric car charging points available
- Overflow car parking
- EPC rating of ‘B’; which can be easily improved via installing LEDs
- One mile to Junction 9 of M20
- Would suit splitting floor by floor, or part floor
The property is EDF’s established regional office.
Location
Eureka Business Park is an established business park, located 2.5 miles northwest of Ashford town centre and 1 mile north-west of Junction 9 of the M20 motorway.
Ashford, one of Kent’s fastest growing towns, has a population of approximately 132,700 inhabitants. The town is centrally located within the county, benefitting from a fine communication network via the A20/M20 and 5 mainline railways.
Ashford International Train Station gives high speed train direct access to St Pancras, London.
Accommodation
Ground Floor - 5,365 sq ft
First Floor - 5,039 sq ft
TOTAL - 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