Industrial

Langley Park, Chippenham  SN15 1GE

 

Acting on behalf of MAS REI, we are instructed to sell this strategic multi-let industrial estate with numerous asset management and development opportunities.

Langley Park comprises approximately 396,935 sq ft of warehouse and office accommodation across three main buildings. In addition, there is extensive car parking provision across the site which is a major benefit to all tenants. The park is let to five tenants including Siemens Mobility Ltd, Schneider Electric Ltd, NHS Property Services Ltd, Vysiion Ltd and Littlefuse Inc with an attractive AWULT of 4.9 years to expiry and 4.05 years to breaks. Total passing rent of £1,814,014 p.a, reflecting a very low rate of £4.51 per sq ft. The low rents across the site represent excellent value for money for the occupiers.

Numerous asset management angles to explore in the short-medium term including possible lease extension/ re-gear with Littlefuse and Siemens at upcoming lease expiries, capturing rental growth at upcoming lease events or obtaining vacant possession for residential redevelopment. Wiltshire Council are committed to developing brown field sites and have a target of 4,500 homes to build in Chippenham by 2026. House building has been substantially below anticipated rates mainly due to a lack of suitable sites to develop.

Unconditional offers invited for the freehold interest, subject to contract.

Contact

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


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