Unit 205 Cambridge Science Park, Milton Road, Cambridge, CB4 0GZ

Location

The property is located on the Cambridge Science Park which lies approximately two miles north of Cambridge City Centre. The Park is adjacent to the A14 dual carriageway and is accessed via Milton Road and King Hedges Road.

Accommodation

The site comprises a number of two storey detached buildings probably built in the late 1980’s early 1990’s of steel frame construction with brick elevations under a pitched roof with slate covering. The buildings have metal frame sealed unit windows throughout. There is extensive tarmacadam surface car parking around the premises (70 spaces).

Terms

The property is currently let to SSL International Plc for a 25 year term from the 24th June 1987 expiring on 24th June 2012. The current rent with effect from June 2002 is £467,000 p.a. We understand there is a rent review outstanding from the 24th June 2007 for which the tenants have been quoted a new rent of £493,300 pa (£19 psf). It is a full repairing lease and there are no structural alterations permitted. The tenant is allowed to assign the whole and sublet part provided it is a “reasonably severable part of the demised premises”. The sublease should be at a full open market rent.