Two high-quality and well-let office buildings comprising 106,400 sq ft of excellent grade A office space. Weybridge is one of the most established office locations in the South East benefitting from excellent road and rail links. Nearby occupiers include Mercedes-Benz, Daikin, Sony, Procter & Gamble and Walgreens Boots Alliance. Property 1 is 100% multi-let to Tomy UK Co Limited, ISS Facility Services Limited and Cargill Plc offering attractive and diversified income with a WAULT of 1.29 years to break options and 4.14 years to lease expiries. Property 2 is 100% let to LG Electronics UK Limited as their UK HQ for a further 5.68 years, providing secure mid-term income. Combined WAULT of 3.24 years to break options and 4.82 years to expiries. Producing a low total passing rent of £3,438,466 per annum, equating to £32.60 per sq ft (excluding property 1 reception area). Current prime rents in Weybridge have hit £38.00 per sq ft and the prime Thames Valley rent stands at £56.00 per sq ft providing excellent headroom for rental growth. 370 car parking spaces offering an excellent parking ratio of 1:288 sq ft plus 100 cycle spaces. The property is fully aligned with MEES Regulations and future-proofed having recently achieved EPC B ratings across 100% of the floor space. Opportunity for future asset management initiatives to drive value, rental growth and tenant attraction and retention, as well as a course to achieving Net Zero Carbon.
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