Berkeley House Godalming Surrey GU7 1QU

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South East Office Investment let to NHS Foundation Trust

• Fully refurbished, high quality office building.
• 20 year lease to Surrey and Borders Partnership NHS Foundation Trust with tenant’s break options on 10th and 15th anniversaries.
• Affluent commuter town with highly skilled labour pool.
• 9,212 sq ft over 2 floors with reception area.
• 22 car parking spaces offering excellent parking ratio of 1:419 sq ft.
• Let off a very low base rent of £115,000 per annum reflecting £12.50 psf overall.
• Excellent prospects for rental growth at first review, with ERV of £15.00 psf.
• Offers sought in excess of £1,670,000 (One Million Six Hundred and Seventy Thousand Pounds)
• A purchase at this level reflects a Net Initial Yield of 6.50% (after usual acquisition costs of 5.80%).
• Reversionary yield of 7.82%