Other

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

 

Quoting Price: £25,700,000 - Initial Yield:6.25%

We are instructed to market this well secured long income call centre with annual RPI reviews.

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.

We are instructed to seek offers in excess of £25,700,000 (Twenty Five Million, Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level represents a net initial yield of 6.25% equating to an equivalent yield of 7.05%*, after allowing for purchaser’s costs of 6.76%. This reflects a low capital value of £189 per sq ft.

*The equivalent yield assumes RPI growth of 3% p.a. for the duration of the term.

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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