Research & Development Investment For Sale with 5A1 Tenant Covenant
The property comprises an advanced technology centre specializing in the design and manufacture of composite radomes and the production of radar transparent materials.
The property comprises a detached research and development facility built in approximately 1930, being of a brick construction pitched in four bays, incorporating two storey offices. Car parking is provided to the front and rear of the property together with a gated loading area.
Internally, the accommodation is configured to provide a combination of open plan and cellular space including warehousing, production, laboratories, offices, canteen and staff welfare facilities.
Strictly by appointment only with the Sole Agent, Savills.
A price of £3,000,000 exclusive of VAT is required for the freehold interest, subject to the occupational lease, this represents a net initial yield of 8.80% and an equivalent yield of 7.86%, allowing for the peppercorn year, subject to contract and exclusive of VAT, assuming standard purchasers costs.
This represents a low capital value of £57.00 per sq
BAE Systems (Operations) Limited (Company Number 01996687) are an advanced defence technology company employing a skilled workforce of 85,800 people in more than forty countries.
BAE Systems (Operations) Limited have a D&B Rating of 5A1 indicating a minimum risk of business failure.