SOLD - Leys House 86-88 Woodbridge Road, Guildford , GU1 4QD

• Guildford is an affluent town in Surrey situated adjacent to the A3, 31 miles south west of Central London and 8 miles east of the M25.• The town has excellent transport communications, retail amenities and is one of the South East’s best performing offices centres outside Central London.• Guildford railway station provides excellent access to Central London, with direct services to London Waterloo (8 trains per hour) and a journey time of approximately 35 minutes.• Guildford is a principal office centre in the South East with a low grade A vacancy rate of only 3.1%. • Leys House is the main JobCentre Plus for the Surrey area.• Leys House is arranged over ground and three upper floors providing flexible floor plates extending to 1,762 sq m (18,971 sq ft) with 12 car parking spaces.• The property is held long leasehold from the Borough of Guildford for 150 years from 10th January 1984 at a current rent of £22,500 per annum. The rent is reviewed to 5% of open market value with the next review being on 25th March 2016.• The office building is let on a FRI basis to Trillium (Prime) Property GP Ltd on a 10 year lease expiring 21 March 2021 with a tenant’s break option on 31 March 2018 at a rent of £408,000 per annum (£21.51 per sq ft overall). The net current rent is £385,500 per annum.• Excellent asset management opportunities.• Offers sought in excess of £4,050,000 (Four Million and Fifty Thousand Pounds), subject to contract.• A purchase at this level reflects an attractive net initial yield of 9.00% on the office assuming purchaser’s costs of 5.80%. This gives a low town centre capital value of only £213 per sq ft.

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