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Radius Electra Way 52,697 sq ft 4-Star Office Property Crewe CW1 6BD £12,546,000 (£238.08/sq ft) 9% Net Initial Yield
Investment Highlights
- South Cheshire’s premier business and economic hub
- Just 1.5 miles from Crewe town centre
- Nationally critical rail and employment centre
Executive Summary
Radius Campus is let in its entirety to UK Fuels Limited (Guarantor: Radius Limited) as their HQ on an FRI lease with an unexpired term of 12.5 years. UK Fuels Limited and Radius Limited provide an undoubted covenant with a 2025 sales turnover of £2.5bn and £4.5bn respectively. Rent of £1,205,911 per annum (Vendor topping up the November 2026 forecasted rent until November 2028 review), reflecting a rent of £23.39 psf. The lease is subject to five yearly RPI linked rent reviews (equivalent to 1% cap and 4% collar annually compounded). The next rent review is 2nd November 2028.
Site extends to 1.97 acres and benefits from an exceptionally low site coverage of 20%.
Site extends to 1.97 acres and benefits from an exceptionally low site coverage of 20%.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
52,697 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2018
Price
£12,546,000
Price per sq ft
£238.08
Yield
9%
NOI
£1,129,140
Tenancy
Single
Number of Floors
4
Typical Floor Size
16,500 sq ft
Plot ratio
0.04
Total Plot Size
30.46 ac
Parking
186 Spaces (3.69 Spaces per 1,000 sq ft Leased)
Amenities
- Atrium
- Controlled Access
- Commuter Rail
- Conferencing Facility
- Fenced Lot
- Raised Floor
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- EPC - A
- Reception
- Car Charging Station
- Bicycle Storage
- Common Parts WC Facilities
- High Ceilings
- Lift Access
- Open-Plan
- Suspended Ceilings
- Yard
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
- Raised Floor System
- Cafe
- Shower Facilities
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Radius | Electra Way
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