Papworth Business Park - DHL Units 1-5 The Triangle Stirling Way Papworth Everard Cambridge - FINAL DRAFT.jpg

Arrange a viewing

To Let

Units 1-5, The Triangle, Stirling Way, Papworth Business Park, Papworth Everard, Cambridge CB23 3GY

Preferred time to view *
Preferred days to view *

What size of space do you require?

T&C's

By submitting your information, your details will be added to our property marketing database. You can amend this at any time by visiting our Preference Centre.

For Sale

Units 1-5, The Triangle, Stirling Way, Papworth Business Park, Papworth Everard, Cambridge CB23 3GY

£1,300,000 / NIY 5.51%

Papworth Business Park - DHL Units 1-5 The Triangle Stirling Way Papworth Everard Cambridge - FINAL DRAFT.jpg

NEWLY DEVELOPED LET SOUTH EAST INDUSTRIAL INVESTMENT

Property specification

  • Prominently positioned terrace of 5 new industrial units at the front of Papworth Business Park currently combined into one unit
  • Comprising 6,742 sq ft GIA in total with 5 easily sub-divisible units
  • Site of 1.34 acres (0.542 hectares) with a very low site cover of approximately 12.5%
  • Single let to the investment grade covenant of DHL International (UK) Ltd for a term of 5 years with a break at year 3
  • Passing rent of £76,000 per annum reflecting £11.27 per sq ft overall
  • Net income after ground rent of £75,950 per annum
  • A purchase at this level reflects a net initial yield of 5.51% and a capital value of £192 per sq ft assuming purchaser’s costs of 5.99%.
We are instructed to seek offers in excess of £1,300,000 subject to contract and exclusive of VAT for our client’s long leasehold interest

Location

Papworth Business Park is located 10 miles west of Cambridge

Location

Papworth Business Park is located 10 miles west of Cambridge

Share this property

Featured properties to invest in