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Centennial Park, Unit 710 , Centennial Avenue, Elstree, East Of England

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Property Description

3 fully let office buildings providing secure income with long-term break-up or industrial redevelopment potential (STPP)
3 fully let office buildings, extending 55,33 sq ft, situated on a well-established Greater London business park
The property is held long leasehold (virtual freehold) with 980 years unexpired
Fully let to 3 tenants- Brentano Suites (720), Genesis Cancer Care (710) and Medik8 (730/740)
Total passing rent of £1,351,733 per annum, reflecting a low average rent of £24.30 per sq ft.
Attractive WAULT of 8.60 years to expiry and 5.16 years to break.
The property benefits from 229 car parking spaces
Large 4.23 acre site. The site extends to 3 acres, with a low site cover of just 28%.
Potential to realise break-up value as part of the business plan.