Lutea House, Warley Hill Business Park, Brentwood Deal
Acquisition of a single let office on the Warley Hill Business Park
Client
CIFCO Capital Ltd
Price
£6.2m
Net yield
5.82%
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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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