Alpha House, Alpha Drive, Eaton Socon, St. Neots, Cambridgeshire, PE19 8JJ
£2,595,000 / 7.78%

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.
Location
Alpha House, Alpha Drive, Eaton Socon, St Neots, Cambridgeshire PE19 8JJ
Location
Alpha House, Alpha Drive, Eaton Socon, St Neots, Cambridgeshire PE19 8JJ
Train Stations
- St Neots 4.01km
- Blunham 7.22km
- Sandy 9.52km
- Grafham 11.15km
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