Sold

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

Freehold

£3,330,000 / NIY 5.31%

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

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
  • 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
  • New 15 year unbroken term from completion to Ellutia Ltd, a long established science and technology occupier
  • £3,330,000 / NIY 5.31%
Freehold modern warehouse / production / R&D unit

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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

Property Advisor

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Saul Western

Partner, Head of Commercial

Providing thorough and professional investment advice across the golden triangle and beyond.

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James Keys

Partner, Capital Markets

James is no stranger to the investment world, having been part of it for over three decades.

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