Location
Crabtree Office Village is located between junction 11 and junction 13 of the M25. Egham is some 2 miles to the northwest, Staines 3.5 miles to the northeast and Chertsey 3.5 miles to the southeast.
Each of the towns offers excellent amenities including a vibrant mix of shops, restaurants, cafés and bars. High class hotels are within easy reach, including Great Fosters and The Runnymede. The internationally renowned golf courses of Wentworth and Sunningdale are within a short drive away. Heathrow Airport is approximately a 20 minute drive
London Heathrow Airport - 5.4 miles
Egham, Egham Rail Station - 1.2 miles
Description
Investment Summary
Two self-contained buildings on an established business park
Freehold
Total net internal area of 11,157 sq ft (1,036 sq m)
43 car parking spaces (1:259 sq ft)
Both buildings let to proAV Ltd
Current combined income of £203,000 per annum equating to a low average rent of £18.19 per sq ft
Average income weighted lease expiry of 5.3 years (2.8 years to breaks)
Offers in excess of £3,000,000 subject to contract and ex VAT
Low capital value of £269 per sq ft
Net initial yield of 6.3% (net of purchase costs at 6.8%) with a reversion to 7.28% based on rental value as set by the 2017 rent review on Woolbrook House
Terms
Upon application
Viewing
By appointment only