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Lexden Portfolio Ten UK properties – Colchester

Commercial property to rent

£3,185,560 per annum 80,141 sq ft

Cushman & Wakefield
Contact name
Jason Winfield
Full address
Colchester, Lexden, Essex CO3 4EA – Colchester
Contact details

020 *** ****

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Rent
£3,185,560 per annum
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
80,141 sq ft
Tenure
Freehold
NIY (%)
9

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

This commercial property to rent is located in Colchester.

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