High Yielding Investment Opportunity, Emerald House, Newbury Business Park, Newbury, RG14 2PZ

- Newbury is the principle town of Berkshire and is located 97 km (60 miles) west of London in the affluent Thames Valley Corridor.
- The property occupies a prominent position at the entrance to Newbury Business Park, the regions premier business park, Major occupiers on the Park include; Huawei, NHS south Central, Canon, Wolfsen Microelectronics, Front Range Solutions and National Instruments.
- Let to Vodafone Limited who are one of the world’s largest telecoms providers.
- Vodafone’s current lease expires in February 2014 and they have signed a reversionary lease for a term of 7 years until 2021 from expiry subject to a tenants annual rolling break option after year 3.
- As a consequence the unexpired term to lease expiry in 2017 is c. 7.5 Years and c. 3.5 to the earliest break opportunity.
- The current is rent is £570,000 per annum which equates to £132.28 per sq m (£12.29 per sq ft) expiring in February 2014 after which it will be £470,000 per annum equating to £109.07 per sq m (£10.13 per sq ft).
- Capital value at the quoting price per sq equates to £94.53.