Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 10007064195
Year Built 1988
Tenure Type Freehold
Building Area
Land Area ()

Property Description

Business Park comprising 5 office buildings with associated car parking and a development site.

Investment Highlights

  •  A landmark 14-acre south east park at the forefront of the South East Knowledge economy
  • Recognised as a leading HQ destination, the park is multi-let and held freehold in single ownership
  • The park benefits from an unrivalled position, prominently located on the edge of Guildford town centre, adjacent to the University of Surrey, Surrey Research Park and within 5 miles from the renowned Pirbright Research Institute
  •  With an established science research community in the wider Surrey market, the park has become the South East’s newest and most exciting innovation campus, with a thriving economy deeply rooted in the technology and science sector with key tenants in the gaming industry, pharmaceuticals and medical equipment industries
  • The park is comprised of 282,227 sq ft arranged over 5 buildings together with a 1,756 sq ft central amenity centre and unrivalled car parking provision of 1,045 spaces, a ratio of 1:270 sq ft
  • Multi-let to 9 tenants including Wargaming Ltd – an award-winning online game developer, DJO – A global provider of medical devices and MC2 Therapeutics, a leading lab-based pharmaceutical company
  •  Combined passing rent of £5,951,726 per annum, including a 2-year rent, rates and service charge guarantee on 16% of the existing usable office space. This equates to a low average passing rent of £29.09 per sq ft on let space
  • Weighted average unexpired lease term of 5.8 years (4.3 years to breaks)
  •  Significant future development potential with two immediate opportunities to capture the growing demand of tech and science occupiers
  •  Building 4 is an existing 86,497 sq ft office building with detailed consent for a contemporary new 108,626 sq ft Grade A building, which is under offer to 30% pre-let
  • Plot 5 provides the flexibility for an investor to utilise the existing consent for a new 52,198 sq ft Grade A office or consider an alternative use, such as Student Accommodation to complement the park
  • Freehold 
Last Updated Date: 08 Oct 2021
Simon Verrall
Simon Verrall
Head of National Office Investment
Zara Sless
Zara Sless
Director - National Investment

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Last Updated Date: 08 Oct 2021

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