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Wellbrook Court, Girton Road, Cambridge CB23 0NA

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For Sale

Wellbrook Court, Girton Road, Cambridge CB23 0NA

Freehold

£13,000,000 / NIY 6.02%

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Wellbrook court cover.JPG Wellbrook pic 1.jpg Wellbrook pic 2.jpg

Freehold Multi-Let Office Park Investment for Sale : Wellbrook Court, Cambridge

Property specification

  • Rare opportunity to acquire a freehold multi-let Cambridge office park
  • Comprising 6 units and multi-let to 8 tenants totalling 40,294 sq ft NIA
  • WAULT of 3.25 years to expiry and 2.32 years to break providing immediate asset management opportunities
  • Total passing rent of £834,681 per annum reflecting £20.71 per sq ft
  • Reversionary potential to £946,909 per annum reflecting £23.50 per sq ft as evidenced by recent lettings at the property
  • Excellent asset management potential though re-gearing existing leases
  • Future redevelopment potential and the ability to expand massing on the site due to the low site cover and underutilisation today
Our client is seeking offers in excess of £13,000,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.02% and a reversionary yield of 6.83% assuming purchaser’s costs of 6.719%

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