- Egham is a well-established industrial location that benefits from excellent connectivity being in close proximity of the M25, M3, M4 and Heathrow Airport.
- The property is situated on a site area of approximately 1.29 acres (0.40 hectares), providing a low Greater London site cover of 49%.
- The estate comprises 10 units ranging from 1,515 sq ft to 3,921 sq ft extending to a total gross internal area of 27,810 sq ft (2,583.8 sq m).
- Currently let to 7 tenants with 1 vacant unit, providing a AWULT of approximately 2.7 years to expiry and 1.9 years to break.
- The total passing rent including a 12 month guarantee on the vacant unit is £406,688 per annum reflecting a reversionary average passing rent of £14.62 per sqft.
- Strong covenant mix with 71% of income received from Creditsafe ‘A’ tenants.
- Prime rents in Egham are comfortably in excess of £20 per sqft.
- Freehold.
Offers are invited in excess of £5,870,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 6.50%, after allowing for purchaser’s costs of 6.62%. This reflects a capital value of £211 per sqft.
