Alpha House, Alpha Drive, Eaton Socon, St. Neots, Cambridgeshire, PE19 8JJ

Modern R&D / Mid-Tech Investment with low site cover for Sale

• Property specification

  • Well-positioned R&D / mid-tech investment in the Oxford-Cambridge Arc
  • Constructed in 2015 / 2016
  • Totalling 2,084.45 sq m (22,437 sq ft) GIA
  • Site area approximately 0.56 ha (1.39 acres) - low site cover of 20%
  • A new reversionary lease has been agreed with the tenant SCCS Survey Equipment Limited for a term of 10 years from 1 January 2026, subject to a tenant break on 31 December 2030
  • There are no rent reviews throughout the term
  • The rent at commencement of reversionary lease will be £215,000 per annum (only £9.58 per sq ft)
  • SCCS Survey Equipment Limited has a Dun & Bradstreet rating of 4A2
  • EPC B35
  • £2,595,000 / 7.78%

• Lease terms

  Offers are sought in excess of £2,595,000, subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 7.78%, assuming standard purchaser's costs of 6.4% and a low capital value of £116 per sq ft.