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To Let

Colston House, 200 Lancaster Way Business Park, Ely, Cambridgeshire, CB6 3NX

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For Sale

Colston House, 200 Lancaster Way Business Park, Ely, Cambridgeshire, CB6 3NX

Freehold

£3,945,000 / NIY 4.50%

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FREEHOLD WAREHOUSE / R&D SALE AND LEASEBACK INVESTMENT : NEW 15 YEAR LEASE

Lease terms

Offers are invited in excess of £3,945,000, subject to contract and exclusive of VAT for our client's freehold interest in the property. A purchase at this level reflects the following minimum yield profile based on the proposed lease back terms and purchaser's costs calculated at 6.53%

Property specification

  • Located on Ely's most established industrial and business park comprising 175 acres, over 1m sq ft and in excess of 85 companies
  • Total of 1,394.73 sq m (15,015 sq ft) including warehouse/production and office/laboratory accommodation completed in 2017
  • 1.05 acre site - low site cover of just 26.5% providing future land for expansion
  • Sale and leaseback
  • New 15 year unbroken term from completion to Ellutia Ltd, a long established science and technology occupier
  • Rent £188,500 per annum reflecting £12 per sq ft on the building and £0.57 per sq ft on the expansion land
  • Upwards only rent reviews every 5 years to the higher of open market value or RPI capped at 4% pa and collared at 2% pa compounded
  • £3,945,000 / NIY 4.50%
Freehold modern warehouse / production / R&D unit

Lease terms

Offers are invited in excess of £3,945,000, subject to contract and exclusive of VAT for our client's freehold interest in the property. A purchase at this level
reflects the following minimum yield profile based on the proposed lease back terms and purchaser's costs calculated at 6.53%

Location

13 miles north of Cambridge and part of the Oxbridge Arc, the property sits alongside many science and tech occupiers

Location

13 miles north of Cambridge and part of the Oxbridge Arc, the property sits alongside many science and tech occupiers

Train Stations
  • Ely 2.6km
  • Soham 8.98km
  • Littleport 10.32km
  • March 12.81km

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