Units 1-5, The Triangle, Stirling Way, Papworth Business Park, Papworth Everard, Cambridge, CB23 3GY

Property specification

• Prominently positioned terrace of 5 new industrial units at the front of Papworth Business Park currently combined into one unit
• Comprising 6,742 sq ft GIA in total with 5 easily sub-divisible units
• Site of 1.34 acres (0.542 hectares) with a very low site cover of approximately 12.5%
• Single let to the investment grade covenant of DHL International (UK) Ltd for a term of 5 years with a break at year 3
• Passing rent of £76,000 per annum reflecting £11.27 per sq ft overall
• Net income after ground rent of £75,950 per annum
• A purchase at this level reflects a net initial yield of 5.51% and a capital value of £192 per sq ft assuming purchaser's costs of 5.99%.
• £1,300,000 / NIY 5.51%

Lease terms

We are instructed to seek offers in excess of £1,300,000 subject to contract and exclusive of VAT for our client's long leasehold interest