icons_size_white icons_size
The UK's commercial property listings site, brought to you by EG
Need a mortgage? Click for a quote.
For SalePOA

One Warwick Technology Park, Warwick, CV34 6DW

Office, Offices , 49157 Sq Ft
Property type: Office, Offices
Tenure: For Sale Freehold
Size: 49157 Sq Ft
Price: POA
Location: One Warwick Technology Park, Warwick Technology Park, Gallows Hill, Warwick, CV34 6DW

Newly Refurbished Multi-Let Office Investment

• Strategic location near Junctions 13, 14 and 15 of the M40 Motorway.

• One Warwick Technology Park comprises a headquarters style office building, recently refurbished to Grade A standard.

• The property extends to 49,157 sq ft over three floors.

• Fully-let to three principal tenants; Accenture (UK) Ltd, Baker Hicks Ltd and Delphi Diesel Systems Ltd.

• The property currently produces a net rental income of £984,658.50 per annum (including additional car park rent), reflecting £18.14 per sq ft overall.

• Baker Hicks and Delphi Diesel Systems have both committed to new leases on refurbished accommodation, setting a new headline rental level in excess of £19.00 psf.

• Reversionary potential via the future refurbishment of Accenture's accommodation, which is yet to be refurbished and is currently let off £16.02 psf.

• Excellent covenant strength with all tenants offering D&B rated minimum risk covenants.

• Average weighted unexpired lease term of 8.75 years to expiry and 5.69 years to break, the property benefits from long term income security.

• Freehold.

A purchase at this level reflects an attractive Net Initial Yield of 7.00% and a low capital value of £268.01 per sq ft, assuming full purchasers’ costs.

What do you think of our website?
Complete our survey and
you could win £1000
Start here