Ashwell Point, Dales Manor Business Park, Babraham Road, Sawston, Cambridge, CB22 3LJ

Property specification

• Low site cover of 20% (site area of 1.54 acres (0.623 hectares)
• Total floor area provides 1,778 sq m (19,151 sq ft) of office accommodation
• An extremely attractive car parking ratio of 1:190 sq ft (101 spaces)
• Let to three tenants with a WAULT of 3.34 years to expiry and 2.14 years to break - all leases outside the L&T 1954 Act
• A low passing rent of £320,526 per annum, reflects an attractive rate of £16.74 per sq ft overall
• We believe the ERV is in the order of £335,142 per annum, equating to a low rate of £17.50 per sq ft, which is soft compared to refurbished office rents in the area
• Asset management potential through refurbishment and reletting at a higher rent reflecting closer to £25 per sq ft
• Short term development potential for a range of commercial uses or residential, subject to the necessary consents
• £3,255,000 / NIY 9.67%