This two storey, modern business centre is built to high specifications with light-filled office space and an impressive reception area to greet guests.
It’s conveniently placed next to junction 5 of the M40, which offers great access to the sought-after Thames Valley region or London. The property is situated within the Grove Business Park, approximately 4.5 miles south west of Leicester city centre.
Penman Way provides direct access to Junction 21 of the M1 and Junction 3 of the M69 via the A5460. The property comprises a detached, three storey modern office building of brick construction under a pitched tiled roof, constructed during the late 2000s. Internally the property provides Grade A office accommodation with suspended ceilings, Category 4 lighting, aluminium frame double glazed windows, carpeted floors and painted plaster walls. There are 159 car parking spaces shared equally between the three floors. This property is managed by CBGA Robson on behalf of Custodian REIT PLC A prominent high quality office business park, located close to Junction 1 of the M42 and comprises c.45,000 square feet of high specification office accommodation and 174 parking spaces.
The property is multi-let to seven tenants including QS Finance, Prestige, M V Kelly, Handelsbanken, Fuelsoft, Toshiba and Instinctive Technologies. This property is managed by CBGA Robson on behalf of REI PLC A centrally located office building in the heart of the City centre, comprising 31,935 square feet of office accommodation, over four floors, together with 44 car parking spaces.
The property is let to The Secretary of State Department for Communities and Local Government on a 10 year full repairing and insuring lease. This property is managed by CBGA Robson on behalf of REI PLC CBGA Robson have acquired this Shopping Centre investment on behalf of a Private Client for £5million representing a NIY of over 10%.
This predominantly Freehold property comprises over 70,000 sq ft of mixed use accommodation including 3 large format stores, 20 retail and leisure units, and offices, as well as 22 residential ground rents. CBGA Robson have been retained to advise on a number of Asset Management opportunities. The above Freehold multi let industrial investment has been sold on behalf of a Private Trust client to Petchey Industrial holdings Ltd for £1,500,000 to reflect an initial yield of 7.4%
The property comprised a terrace of units totalling 15,611 sq ft and was multi let to tenants including Euro Car Parts Ltd and Antac Ltd. CBGA Robson have sold the Freehold investment on behalf of a private consortium of investors to Threadneedle UK Property Authority Investment fund for £3,125,000 to reflect an initial yield of 5.32%
The unit comprised some 18,000 sq ft and was le for a further 13 years to Jewson , guaranteed by Saint Gobain Building Distribution Ltd. The lease is subject to review based upon RPI (open) and the current income was £179,136 per annum. CBGA Robson have completed the disposal of a portfolio of nine properties on behalf of Davies Holdings for £8.35 million to the M. Baker Trust.
The properties were predominantly retail units located in the West Country and tenants included Morrisons, Tesco, Lloyds Bank, Magnet, Specsavers and Café Nero. The properties were sold as part of a corporate transaction where Michelmores solicitors acted jointly with CBGA Robson. Overseas clients of CGBA Robson have acquired the Freehold investment at Wisbech Retail Park for £14.1million from Tesco Properties.
The park comprises nine retail units totalling 83,375 sq ft with 371 car spaces. CBGA Robson have been retained as Managing Agents and are also project managing the extension to the B&M Retail unit to provide a larger 23,000 sq ft store. Next door, Wickes are nearing completion of a new store development which will link the Wisbech and Belgrave retail parks to create the dominant out of town retail offer in Wisbech. CBGA Robson have been instructed to manage Sutherland House, a 93,000 sq.ft office building located between Crawley and Three Bridges.
Property is located on a large plot including 200 car parking spaces. It is let to Paymaster Limited, guaranteed by Equiniti Group PLC, with 14.5 years unexpired at a current rent of £1,100,000 per annum i.e £11.82 per s.f. The freehold interest in the building was recently acquired on behalf of private clients in approx sum of £16.5m, which shows a net initial yield of 6.25%. |
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