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Heather Court, 6 Maidstone Road, Sidcup, DA14 5HU

not specified / Offices

Withdrawn - Last updated: 15 April 2023

• Headquarters office building located in Sidcup, Greater London, only 13 miles from Central London and 5 miles from the M25.• Early 1990’s self-contained office comprising 2,943.02 sq m (31,678 sq ft) of high quality accommodation arranged over ground, first and second floors. • Excellent car parking ratio of 1:30.66 sq m (1:330 per sq ft).    • Freehold.• Let to Fujitsu Services Ltd on a FRI lease expiring 6 November 2019, providing approximately 7.1 years term certain. • Current passing rent of £632,000 per annum, equating to £214.75 per sq m (£19.95 per sq ft) overall.• Fujitsu Services Ltd is rated 5A1 by Dun & Bradstreet, representing a minimum risk of business failure.• Partially sublet to Office Depot International (UK) Ltd and Gallions Housing Association Ltd creating asset management opportunities.• Offers sought in the region of £5,970,000 (Five Million, Nine Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT, reflecting an attractive net initial yield of 10%, assuming purchaser’s costs of 5.8%.

Location

Heather Court, 6 Maidstone Road, Sidcup , DA14 5HU, Kent, South East


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