Vertu HQ, Beacon Hill Road, Fleet , GU52 8DY
Ref No. JLLATC73864
Investment

Location Vertu HQ, Beacon Hill Road, Fleet , GU52 8DY, Hampshire, South East

Description

  • Fleet is currently benefiting from strong rental growth driven by occupiers priced out of Central London. 
  • Highly specified, headquarters investment totalling 52,071 sq ft.
  • Excellent car parking ratio of 1:219 sq ft. 
  • Large site with future development potential.
  • Let to Microsoft UK Ltd (D&B Rating of 5A1) with 7.3 years term certain.
  • Overall rent of £15.04 psf providing a low base for future rental growth.
  • The occupier has contractually agreed to waive their option to break the lease in 2020. 
  • Estimated rental uplift to £875,000 pa at 2019 review.  
  • Offers are sought in excess of £10,000,000 (Ten Million Pounds), subject to contract and exclusive of VAT. 
  • Attractive net initial yield of 7.34% and low capital value of £192 psf. 
  • Based on the estimated rental uplift, the yield improves to 8.20% in 2019. 

Property Type Office

Initial Yield 7.34%

Property Contacts:

  • Noel Lander
    +44 (0)20 3805 6871
  • Laura Houghton
Property Location:



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