Woolbrook House and Gladstone House, Egham

Woolbrook House and Gladstone House, Crabtree Office Village, Thorpe, Egham, Surrey, TW20 8RY

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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
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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

Freehold Office Investment For Sale

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