Lexden Portfolio Ten UK properties

For sale £36,300,000 80,141 sq ft ~Space for 742 people (est)
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Lexden Portfolio Ten UK properties - Colchester
Contact details
Asking price
Property type
Office for sale
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
80,141 sq ft
Estimated space
742 people
This value is estimated based on allocating 108 sq ft per person for office space
NIY (%)

• 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 office for sale is located in Colchester

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National rail 2.9m Colchester
Nearest airport 36.5m London Southend

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