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

• 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