£48.470.000
Confirmation
Long income Biotech & Life Science campus
York, United Kingdom
Special purpose
#35230
Core
28 Oct 2024
Property Details
Broker
For sale
381,903 sq.ft.
35,480 m²Leasable area
126 £/sq.ft.
1,366 £/m²6.50 %
1
Freehold
Fees
Investment Overview
Opportunity to acquire a rare long income Biotech, Agri-tech & Life Science campus, which has formed part of the UK Government’s critical national infrastructure for over 20 years. Benefitting from an Unexpired Lease Term of 21.8 Years and RPI-linked Rent Reviews. Totalling 381,903 sq ft spread across 81.9 acres. The campus comprises of laboratory, quarantine zones, high specification plant testing facilities, external crop testing zones, office and warehouse facilities, a conference facility, a nursery, a gym and extensive surface level car parking. Headline rent of £3,364,557 PA (topped up) (low average rent of £8.81 per sq ft). 63% of underlying income derived from UK Government agencies.
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