Fully Repositioned South East Office Investment

Comprehensively refurbished Grade A office building. Total accommodation of 13,256 sq ft IPMS – 12,942 sq ft NIA. 45 car parking spaces, reflecting a car parking ratio of 1:295 sq ft. Fully let to three tenants providing a AWULT to expiry of 5.30 years and 3.26 years to break options. Total current passing rent of £367,405 per annum, reflecting £28.38 per sq ft overall, including LL top ups of current free periods. Attractive tenant profile – NHS 111 & GP Appointment Call Centre and two new lettings in the building demonstrating strong occupational activity and demand. The principal tenant did not exercise its break option in May 2024 demonstrating their commitment to the building. Lease event in the next 12 months’ on the highest percentage of the rental income providing an opportunity to increase the total income. EPC B rating. 999 year long leasehold interest at a peppercorn rent.