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

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Sold

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

Freehold

£1,300,000 / NIY 5.51%

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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%.
  • £1,300,000 / NIY 5.51%

Lease terms

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.

Train Stations
  • St Neots 9.43km
  • Huntingdon 11.01km
  • Shepreth 17.28km
  • Sandy 17.60km

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