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Sky Lab. Brentwood Rd 39,410 sq ft Office Property Brentwood CM14 4DZ £12,200,000 (£309.57/sq ft) 8.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Let to Sky for a further 7.75 years
- A self-contained property comprising R&D facilities, ancillary offices and data rooms
- EPC B rating and was extensively refurbished in 2018
- The building generates a current passing rent of c.£1.1m a year
- Located a short walk from Brentwood Elizabeth Line station
EXECUTIVE SUMMARY
Offers are invited for the freehold interest in excess of £12,200,000, subject to contract and VAT. Net initial yield of 8.50% and low capital value of £310 per sq ft assuming purchasers costs of 6.71%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
39,410 sq ft
Costar Property Class
B
Year Built
2002
Price
£12,200,000
Price per sq ft
£309.57
Yield
8.50%
NOI
£1,037,000
Tenancy
Single
Number of Floors
4
Typical Floor Size
10,877 sq ft
Plot ratio
0.75
Total Plot Size
1.21 ac
Parking
130 Spaces (3.29 Spaces per 1,000 sq ft Leased)
AMENITIES
- Bus Route
- Commuter Rail
- Raised Floor
- Accent Lighting
- EPC - D
- Storage Space
- Demised WC facilities
- Secure Storage
- Suspended Ceilings
- Air Conditioning
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Sky Lab. | Brentwood Rd
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