DESCRIPTION
Prominently located on Stockley Park, the UK’s first business park, 6-8 The Square comprises 72,461 sq ft (NIA) of Grade A office accommodation over ground and three upper floors on a 2.66-acre freehold site. The offices are fully let to Stockley Park The Square Centre Limited (Regus) until 31 December 2028 (5.3 years unexpired) at a Guaranteed Fixed Minimum Rent of £1,000,000 per annum, with total revenue to Q2 2023 of £1,057,897 (£14.60 psf). Situated 2 miles north of Heathrow and 1.5 miles from two Crossrail stations, the property benefits from excellent connectivity and is home to international occupiers including Canon, Gilead and IMG. With 275 car parking spaces (1:263 sq ft ratio) and passing rent well below prime levels in the Stockley Park and M4 sub-markets, the asset offers a high-yielding investment at a significant discount to replacement cost, with a conditional landlord break available from March 2024.
