161 Cambridge Science Park, Milton Road

Research & Development / Office Investment, Redevelopment and Owner Occupier Opportunity

• Overview

  A rare opportunity to acquire an investment, redevelopment, or owner occupy a prominent position on the world renowned Cambridge Science Park.

• Property specification

  • Developed in the 1980’s, the existing single storey R&D / office building extends to 16,097 sq ft (GIA).
  • 0.594 hectares (1.47 acres) site, with a low density and site cover of 25%.
  • The site benefits from 67 car parking spaces.
  • Fully let to Qioptiq Photonics Limited on a lease expiring December 2026 with a rolling tenant break option subject to 2 months’ notice.
  • The current passing rent is £50,000 per annum reflecting an extremely low £3.11 psf.
  • Long leasehold for 125 years and 31 days from 23rd November 1983, therefore providing approximately 82 years 9 months unexpired. The annual head rent is £21.78 per annum.
  • There is an exceptional future opportunity to increase the massing on site at lease expiry (subject to planning).
  • An indicative massing study undertaken by Scott Brownrigg Architects shows the potential to develop 107,860 sq ft NIA (129,003 sq ft GIA) over 5 storeys of office or science and technology space.
  • Offers are invited for the long leasehold interest on an unconditional basis, subject to contract and exclusive of VAT.
  • New key point...