Business for Sale in Girton, Cambridgeshire - FREEHOLD TENANTED BUSINESS PARK - GIRTON, CAMBRIDGE - Freehold: £8,000,000 (Offers in excess of)

Key Information

Ref
INV35078E
Type
Commercial Property
Location
England: Cambridgeshire
Tenure
Freehold
Status
For Sale
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Please fill the form in below to request particualrs via e-mail for Business Ref : INV35078E

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  • Excellent Investment Opportunity
  • Further Development Options
  • On-Site Gym & Nursery Tenants
  • All Units in Excellent Condition
  • Sale of Existing Company Shares
  • Existing Tenanted Units
  • Great Location Close to M11/A14
  • Extensive Car-Parking
  • Good Quality Tenants
  • Lots of Options to Enhance Value

PARTICULARS
EM&F East Anglia are proud to be appointed selling agents for this exceptional opportunity, being a rarely available freehold business park situated on the outskirts of Cambridge in the sought after suburb of Girton.

With the continued trend of businesses moving out of expensive city centre offices to more conveniently placed business parks, it is understandable that the future growth in both capital value and rental income achieved is expected to be strong on this site.

The site has been in the ownership of the vendors family for many years but in more recent times they have taken to developing the site into its current set up. Having done very well creating the successful development that they have, the decision has now been made to pass this onto someone new who is likely to want to develop it further.

The site is currently home to a number of high quality businesses including a very well regarded nursery, a gym and beauty salon, all of which help attract new tenants to the site who are keen to offer these facilities to their staff.

A countryside setting but yet conveniently located for the main M11 and A14 commuter roads as well as being only a few minutes from the A1307 Huntingdon Road into Cambridge city centre. The villages of Girton as well as neighbouring Histon have plenty of local amenities and the delightful Girton golf course can be found to the rear of the site.

The site at present has 5 main buildings over which the accommodation is spread with the nursery and gym being 2 standalone units of these. Providing over 34,000 sqft of let-able space each of the units have been constructed and fitted out to a very high standard and with the extensive parking provided they make an appealing place to work. Maintenance requirements for these buildings is expected to be low due to the quality of their construction.

Currently the rental income generated is £436k however this is due to increase in the coming (approx) 3 months to £480k with strong interest being shown on the vacant space available. In addition a recently vacated unit is expected to be re-let soon which will mean that the site is once again fully let and achieving a gross rent in the region of £516k. We understand that there is a service charge provision in the leases with the tenants contribution being capped at £1 per sqft.

Whilst this provides a very favourable return on investment as it stands, in our opinion there is significant opportunity to increase the number of units on site which in turn would of course increase both the rental income and the capital value. The vendor has already started to explore these options with initial plans and ideas being put into place and we will happily discuss these in further detail with any serious interested party. The site can remain as it is and provide a good investment to a new owner, given the level of rent currently achieved, however in the hands of an owner with the ability to develop the site to its full potential it offers an exceptional opportunity to enhance the value and return that is achievable.

Due to the existing income being generated and the significant further development potential there is in this prime located site we expect interest to be very high. We therefore recommend contacting us in confidence at your earliest chance to register your interest in the site.

FURTHER INFORMATION

OUR REFERENCE
INV35078E.

TENURE
Freehold. The site is owned by the vendors existing limited company.

RENT RECEIVED
The site is currently produces a rental income of c. £436k however this is due to increase to c. £480k in the next 3 months with strong interest being shown on the vacant space available. There is one final unit to be re-let and when it has this will bring the rent up to c. £516k. There are a number of clear development opportunities which have the potential to significantly increase the rental income further.

RATES PAYABLE
The vendor has advised that they do not pay any business rates currently.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

VIEWING
Strictly by appointment only, please call our Norwich Office on (01603) 662 662 to make an appointment.

PRICE
Offers are invited in excess of £8,000,000.

By way of a sale of 100% of the shares in the existing company that holds the Freehold of the site.

FINANCE
Finance may be available to suitable purchasers.

BUSINESS TO SELL?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

PREMIER MARKETING
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

UNHAPPY?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

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