Other

Capita House, Brookfields Park, Dearne Valley, Rotherham S63 5DJ

 

Price: £20,350,000 - Initial Yield:6.60%

Date: Q1 2020

Acting on behalf of Legal & General we advised on the sale of this invetsment to Capita Plc for £20.35m, reflecting 6.60% net initial yield. 

Capita House comprises a well specified purpose-built call centre measuring 135,938 sq ft. The income is well secured to Capita Business Services Ltd (guaranteed by Capita Plc) and held on FRI lease terms, with an unexpired lease term of approximately 18.5 years. Annual net rent of £1,714,500 per annum (£12.61 per sq ft), which is set to increase annually with RPI linked uplifts throughout the term with a 1% collar and 4% cap. The property provides an excellent car parking ratio of 1:328 sq ft (415 car parking spaces) and is currently held Long leasehold, however, the freehold can be purchased at any point for £1.

Contact

John Ellison

Tel: 020 7493 3330
Mob: 07889 437 236
jellison@lewisellis.co.uk

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk

James Elkington

Tel: 020 7493 3330
Mob: 07810722459
jelkington@lewisellis.co.uk


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