Manor Drive, Paston Parkway, Peterborough, PE4 7AP

An opportunity to acquire a prominent Headquarters Industrial Facility.
Excellent local road, rail and rail communications, lying adjacent to the A15 Paston Parkway dual carriageway.

A 1990s industrial development extending to total of 239,536 sq ft.

Arranged as a U shaped office block with warehouse to the rear which benefits from a 9m eaves height.

Freehold.

The site extends to approximately 7.52 hectares (18.60 acres) reflecting a low site coverage of only 29.6%

Let entirely to. Curzon Estates Ltd, on a 30 year FRI lease from 7th February 2002 expiring 6th February 2032. The tenant has the right to determine the lease on 21 January 2022. Invensys Plc have provided a Deed of Guarantee.

An unexpired term of approximately 9.9 years to the break, and 19.9 years to expiry.

The total rent roll is £1,817,720 per annum (£7.59 per sq ft), reflecting the 28% office accommodation.

We have been instructed to seek offers in the region of £13,500,000, subject to contract and exclusive of VAT, which reflects a Net Initial Yield of 12.7% assuming purchaser’s costs of 5.80%. An acquisition at this price reflects a capital value of £70 per sq ft.
Further information available in the brochure attached.

Location