Q-Sys House, Thorpe Lea Road, Egham, TW20 8HE

Summary

Q-SYS House is a detached, self-contained office building set within Meadlake Place, an established office campus on Thorpe Lea Road, Egham. The property comprises 10,600 sq. ft of office accommodation arranged over ground and first floors, together with a full height glazed reception area.

The building provides open plan, air-conditioned accommodation with excellent natural light from multiple elevations. The central core provides stairs, a passenger lift, together with WCs on each floor, along with secondary stairs to the side of the building. The property benefits from 50 secure car parking spaces, providing a generous parking ratio of 1:212 sq. ft. Within Meadlake Place, there is an on-site café providing a range of food and beverage refreshments throughout the day.

Key Points

Tenancy

Q-SYS House is solely let to QSC UK & Ireland Limited t/a Q-SYS, on a 10 year lease commencing 24th November 2022 and expiring 23rd November 2032.

The current passing rent is £266,575 per annum reflecting £25.15 per sq ft.

There are no break options included within the lease. There is an upward only open market rent review on 24th November 2027. The lease is within the security of tenure provisions of the Landlord & Tenant 1954 Act.

Tenure

The Property is held on a 150 year lease commencing 1st March 1999, providing approximately 122 years unexpired, at a peppercorn rent. Title number SY686004.

An estate charge is levied by the freeholder which is recharged back to the Tenant. In the year ending 31 December 2025 the estate charge expenditure was £32,089.68.

Proposal

We are instructed to seek offers in excess of £2,950,000 (Two Million Nine Hundred Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.49% and a capital value of £278 per sq ft.

Location

Egham is an established Surrey commuter town situated approximately 20 miles south west of Central London and 7 miles south of Heathrow Airport. The town is very well located with direct access to the M25 motorway at Junction 13, together with strong onward links to the M3, M4 and the wider UK motorway network. By train, Egham Station provides direct services to Clapham Junction and London Waterloo, with journey times of 30 minutes and 41 minutes, respectively.

Q-SYS House is located within Meadlake Place Business Park, a landscaped office campus off Thorpe Lea Road (B3376), approximately 1 mile from Egham town centre and Egham Station. The location provides occupiers with convenient access to the M25 (2.4 miles) and Heathrow Airport (approximately 7 miles), whilst Egham town centre offers a range of amenities including supermarkets, cafés, Everyman Cinema and both independent and national retailers.

Egham is home to several notable occupiers, capitalising on its strategic location between London and Heathrow to establish itself as a recognised commercial centre within the M25 south west sub-market. These include Gartner, Enterprise Rent-A-Car (European HQ), Merlin Entertainments (Thorpe Park Resort) and Royal Holloway, University of London. Their presence highlights Egham's appeal as a well-established business location, benefitting from a highly skilled workforce drawn from the wider Royal Holloway academic community and excellent transport connectivity.

In addition, the town centre has undergone significant regeneration through the £90 million Magna Square development, delivering new retail, leisure and residential accommodation together with an enhanced public realm, further improving the working and lifestyle environment for occupiers.