Savills | Osprey House, St John's Park, 1 Percy Road, Huntingdon, PE29 6SZ | Properties for sale
10,565 sq ft(981.52 sq m)
Offers in the region of £1,825,000

Osprey House, St John's Park1 Percy Road, Huntingdon, PE29 6SZ

  • Under offer

Key features

  • Prominent two storey detached office building constructed in 2000
  • 981.5 sq m (10,565 sq ft) NIA on a substantial plot of 1.7 acres
  • 64 parking spaces
  • VRF cooling / heating system replaced in 2019
  • Occupied by Anglian Water producing £141,750 pa (£13.41 psf)
  • Capital value of £172.74 psf
  • Net internal yield of 7.3% (allowing purchasers costs 6.1%)

About this property

  • The property comprises a self contained detached two storey office building of steel frame construction with brick elevations under a pitched tiled roof. The property has a substantial plot of 1.57 acres and a 15% development density. We feel it may be possible to add additional development on the site (subject to planning). The property benefits from the following features: - Mitsubishi VRF cooling / heating system replaced 2019 - Open plan layout with central core capable of easy sub division - Full accessed raised floors and suspended ceiling - Reception/waiting area - 8 person passenger lift - Kitchenette and WCs to each floor - 64 parking spaces

Local information

  • Osprey House is prominently located at the gateway to St John’s Business Park and Vantage Park, a business park development constructed in the mid 2000s.
  • Washingley Road is accessed from the A141 (Spittals Way) which bypasses Huntingdon to the north and provides access to the A14, together with a direct link to the M11, M6 as well as the A1 and M1.
  • Nearby occupiers on the park and in the immediate vicinity include Audi and VW dealerships, Couch Perry Wilkes, Coversure Insurance Services, Impact Direct and Capita.

Additional information

  • The property is let in its entirety to Powermarque Limited (Guaranteed by AWG Ltd) under a lease which expires in 2020 and is to be superseded by a new reversionary full repairing and insuring lease to Anglian Venture Holdings Limited, commencing 24th June 2020 for a term of 10 years subject to Tenant’s option to determine at the end of the fifth year of the lease. The lease is guaranteed by AWG Group Ltd (Reg No: 02366618).
  • The current rent passing is £141,750 per annum exclusive (£13.41 psf) and subject to review in 2025. Anglian Venture Holdings Limited (Reg No. 06426222) are rated a 5A1 company by Dun & Bradstreet.