Log In/Sign up
Your email has been sent.
Cobalt 9c 5 Quick Silver Way 55,803 sq ft 4-Star Office Property Newcastle Upon Tyne NE27 0QQ £8,420,000 (£150.89/sq ft) 10.25% Net Initial Yield
Investment Highlights
- Park is situated 7.3 miles north east of Newcastle
- Surrounded by a number of national and international companies
- Cobalt 9C is ideally positioned in the central section of the business park
- Benefits from an excellent range of on-site facilities
Executive Summary
• Recently re-geared (May 2024) office investment opportunity, with the tenant extending their occupation across all leases
• The property extends to 55,803 sq ft NIA
• Fully-let to Accenture (UK) Limited on leases which expire on 20 December 2035, therefore providing an unexpired term of approximately 10.30 years to expiry
• The leases contain a tenant break option in December 2030
• Let at a low passing rent of £920,748 per annum, equating to just £16.50 per sq ft
• The property has been comprehensively fitted out by the occupier and is operational 7-days a week
• The tenant has a 4A 1 D&B Rating with turnover in excess of £3bn, a pre-tax profit of £123m and a tangible net worth of £17m
• Provides excellent sustainable and environmental credentials, with no reliance on natural gas for heating the building
• Rated EPC A (Oct-33 expiry) and BREEAM ‘Excellent’
• Desirable car parking ratio of 1:241 sq ft with 232 car parking spaces
• The site extends to approximately 3-acres (1.23 hectares)
• Established business park location which continues to attract large blue chip tenants
• Location set to be enhanced by the opening of a new station in 2026 at Northumberland Park Transit Interchange as part of the re-opening of the Northumberland Line, just 5 minutes drive away
• The property extends to 55,803 sq ft NIA
• Fully-let to Accenture (UK) Limited on leases which expire on 20 December 2035, therefore providing an unexpired term of approximately 10.30 years to expiry
• The leases contain a tenant break option in December 2030
• Let at a low passing rent of £920,748 per annum, equating to just £16.50 per sq ft
• The property has been comprehensively fitted out by the occupier and is operational 7-days a week
• The tenant has a 4A 1 D&B Rating with turnover in excess of £3bn, a pre-tax profit of £123m and a tangible net worth of £17m
• Provides excellent sustainable and environmental credentials, with no reliance on natural gas for heating the building
• Rated EPC A (Oct-33 expiry) and BREEAM ‘Excellent’
• Desirable car parking ratio of 1:241 sq ft with 232 car parking spaces
• The site extends to approximately 3-acres (1.23 hectares)
• Established business park location which continues to attract large blue chip tenants
• Location set to be enhanced by the opening of a new station in 2026 at Northumberland Park Transit Interchange as part of the re-opening of the Northumberland Line, just 5 minutes drive away
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
55,803 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2012
Price
£8,420,000
Price per sq ft
£150.89
Yield
10.25%
NOI
£863,050
Tenancy
Single
Number of Floors
4
Typical Floor Size
13,950 sq ft
Plot ratio
0.42
Total Plot Size
3.08 ac
Parking
232 Spaces (4.16 Spaces per 1,000 sq ft Leased)
Amenities
- Atrium
- Bus Route
- Controlled Access
- Security System
- Signage
- EPC - A
- Reception
- Central Heating
- DDA Compliant
- Demised WC facilities
- High Ceilings
- Lift Access
- Natural Light
- Open-Plan
- Suspended Ceilings
- Air Conditioning
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Cobalt 9c | 5 Quick Silver Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.