Colston House, 200 Lancaster Way Business Park, Ely, Cambridgeshire, CB6 3NX

FREEHOLD WAREHOUSE / R&D SALE AND LEASEBACK INVESTMENT : NEW 15 YEAR LEASE

• Property specification

  • Located on Ely's most established industrial and business park comprising 175 acres, over 1m sq ft and in excess of 85 companies
  • Total of 1,394.73 sq m (15,015 sq ft) including warehouse/production and office/laboratory accommodation completed in 2017
  • 1.05 acre site - low site cover of just 26.5% providing future land for expansion
  • Sale and leaseback
  • Rent £188,500 per annum reflecting £12 per sq ft on the building and £0.57 per sq ft on the expansion land
  • Upwards only rent reviews every 5 years to the higher of open market value or RPI capped at 4% pa and collared at 2% pa compounded
  • New 15 year unbroken term from completion to Ellutia Ltd, a long established science and technology occupier
  • £3,330,000 / NIY 5.31%

• Description

  Freehold modern warehouse / production / R&D unit