Multi-let Office Park Investment

Rare opportunity to acquire a freehold multi-let Cambridge Office Park. The property comprises two terraces of offices, each of two storeys and constructed around 1990. Comprising 6 units and multi-let to 9 tenants totalling 40,294 sq ft NIA. WAULT of 3.46 years to expiry and 2.62 years until break providing immediate asset management opportunities. Total rent passing of £928,616 per annum reflecting a low blended average of £23.05 psf. Significant reversionary potential with prime rents in Cambridge in excess of £56.00 psf and good second-hand rents in excess of £40.00 psf. Excellent asset management potential through re-gearing existing leases and repositioning of the park. Future redevelopment potential and the ability to expand massing on the site due to the low site cover and the under utilisation today.