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      What we do/ Our Projects/ Lutea House, Warley Hill Business Park, Brentwood Deal

      Acquisition of a single let office on the Warley Hill Business Park

      Lutea House, Warley Hill Business Park, Brentwood

      Client
      CIFCO Capital Ltd

      Price
      £6.2m

      Net yield
      5.82%

      Services provided

      Freehold office let to the 5A1 covenant of Shawbrook Bank Ltd on a 15-year lease, expiring in September 2026, giving approximately 7.60 years unexpired, at a low passing rent of £383,460 per annum (£19.84 per sq ft). The property comprised 19,662 sq ft over three storeys including 54 car parking spaces (1:364 sq ft).

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