Thames House, Waterside Park, Bracknell
Price: £7,300,000 - Initial Yield:8.00%
Date: Q3 2013
Acting on behalf of Eskmuir Properties we advised on the sale of this office investment to M&M Asset Management for £7.3m, reflecting a net initial yield of 8.0%.
The property comprises a self-contained building constructed in 1987, providing open plan accommodation arranged on ground and first floors totalling 33,775 sq ft GIA. The property is situated in Bracknell which is the principal high tech employment area in the UK. Fully let to Cable & Wireless UK for term until December 2027 with RPI increases, at a rent passing of £620,419 per annum (£16.28 overall).
Contact
Simon Lewis
Tel:
020 7493 3330
Mob:
07831 527 960
slewis@lewisellis.co.uk
Matthew Brown
Tel:
020 7493 3330
Mob:
07836 724 420
mbrown@lewisellis.co.uk
