Back to track record

REGUS PLC - The Panorama Building, 130 Park Street, Ashford, Kent TN24 8EZ

HIGH YIELDING OFFICE INVESTMENT OPPORTUNITY WITH POTENTIAL FOR REDEVELOPMENT - STP
Sold
  • Ashford is one of the most well connected towns in the United Kingdom situated only 54 miles south east of London with excellent connections to Europe.
  • Landmark building prominently located within 0.1 miles of the City Centre and 0.6 miles of Ashford International Station.
  • A new 999-year lease at a peppercorn.
  • Comprising office accommodation (Class B1) providing a total of 12,505 sq ft.
  • Occupational lease guaranteed by Regus Plc.
  • Current passing rent of £208,458 per annum (£16.67 per sq ft).
  • Unexpired lease term of 10.6 years (5.6 years term certain).
  • Potential for change of use, subject to planning.
  • We are instructed to seek offers in excess of £1,960,000, subject to contract.
  • A purchase at the asking price would reflect a Net Initial Yield of 10.0% and a Capital Value of £157 per sq ft (assuming standard purchasers costs of 6.26%).
HLP LK 200519 7009 min
View our current instructions or download our track record
View current instructions Download track record