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Southend Road - Performers College 39,893 sq ft Specialist Building Offered at £5,250,000 at a 8.04% Net Initial Yield in Stanford Le Hope SS17 8JS
Investment Highlights
- Excellent rail connectivity to London Fenchurch Street
- Strong local amenities
- Situated in popular commuter town
Executive Summary
A rare opportunity to acquire a specialist higher education facility pre-let to BIMM University Limited, with explicit growth throughout the term. Performers College is a nationally recognised, independent performing arts college with over 30 years of experience training the next generation of performers. The campus totals 3.25 acres featuring 18 dance studios, 2 acting studios, singing suite, lecture hall, library/computer centre, gym, café/restaurant and 190 car parking spaces.
We are instructed to invite offers in excess of £5,250,000 for the freehold interest. A purchase at this level would reflect a Net Initial Yield of 8.04% based on sale and leaseback costs of 6.8%.
Offers should be submitted on one of the following basis:
A) 20 YEAR LEASE WITH 5 YEARLY CPI RENT REVIEWS (1% PA
COLLAR – 3% PA CAP)
B) 25 YEAR LEASE WITH 5 YEARLY CPI RENT REVIEWS (1% PA
COLLAR – 3% PA CAP)
We are instructed to invite offers in excess of £5,250,000 for the freehold interest. A purchase at this level would reflect a Net Initial Yield of 8.04% based on sale and leaseback costs of 6.8%.
Offers should be submitted on one of the following basis:
A) 20 YEAR LEASE WITH 5 YEARLY CPI RENT REVIEWS (1% PA
COLLAR – 3% PA CAP)
B) 25 YEAR LEASE WITH 5 YEARLY CPI RENT REVIEWS (1% PA
COLLAR – 3% PA CAP)
Property Facts Under Offer
| Price | £5,250,000 | Property Subtype | School |
| Price per sq ft | £131.60 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 3.38 ac |
| Yield | 8.04% | Property Size | 39,893 sq ft |
| Sale Condition | Sale Leaseback | No. Floors | 1 |
| Tenure | Freehold | Year Built | 2000 |
| Property Type | Specialist | Parking Allocation | 0.88/1,000 sq ft |
| Price | £5,250,000 |
| Price per sq ft | £131.60 |
| Sale Type | Investment |
| Yield | 8.04% |
| Sale Condition | Sale Leaseback |
| Tenure | Freehold |
| Property Type | Specialist |
| Property Subtype | School |
| Costar Property Class | B |
| Total Plot Size | 3.38 ac |
| Property Size | 39,893 sq ft |
| No. Floors | 1 |
| Year Built | 2000 |
| Parking Allocation | 0.88/1,000 sq ft |
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Southend Road - Performers College
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