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Long income Biotech & Life Science campus

York, United KingdomUnlock address

95%

£48.470.000

Special purpose

#35230

Core

22 Oct 2024

Property Details

Broker

For sale

381,903 sq.ft.

35,480 m²

Leasable area

126 £/sq.ft.

1,366 £/m²

6.50 %

1

Freehold

X

Fees

0.00 %

0.30 %

0.00 %

0.00 %

0.30 %

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.