Eureka Park, Ashford Deal
Investment sale of a modern single let office on Eureka Business Park
Client
Cambridge College
Price
£3.05m
Net yield
9.4%
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The property comprised a two storey, single let office constructed in 2011 and totalling 15,672 sq ft. The property was let to the strong D&B rated 5A1 covenant Advanced Health and Care Ltd with 4 years unexpired at the point of sale. The passing rent was £294,880 per annum plus an additional car parking rent of circa £11,000 that exists while the existing occupational lease subsists.
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