Lexden Portfolio Ten UK properties

For sale £36,300,000
331,492 sq ft
Space for 3069 people (est)
4 months ago. Cushman & Wakefield
Address
Lexden Portfolio Ten UK properties
Contact details
Asking price
£36,300,000
Property type
Office for sale
Features
Business park, Canteen, Car park, Climate control, Disabled facilities, Exposed bricks, Grade A, Kitchen, Lift, Meeting room, Modern, Office space, Raised floor, Reception, Refurbished, Restaurant, Self-contained office, Storage, Train transport, Transport
Size
331,492 sq ft
Estimated space
3069 people
This value is estimated based on allocating 108 sq ft per person for office space
NIY (%)
9.0

• A collection of ten office properties throughout the UK
• Total office accommodation extending to 331,492 sq ft NIA
• The portfolio is predominantly let to Government tenants
• A wide geographical spread of assets
• Total passing rent of £3,185,559.50 per annum, reflecting £11.49 per sq ft on let space
• One asset currently vacant (16% of floor area) which has recently gained planning consent for alternative uses
• Offers a WAULT of 4.27 years to expiry, or 4.06 years to break
• 20% of the income is subject to CPI review
• Eight properties are held freehold/heritable and two long leasehold
• A number of leases have recently been extended with further re-gear discussions occurring providing the opportunity to extend the portfolio WAULT

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National rail 2.9m Colchester
Nearest airport 36.5m London Southend

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