BATTELLE UK LIMITED – 29 SPRINGFIELD LYONS APPROACH, CHELMSFORD BUSINESS PARK CM2 5LB

SOLD

Details

Prime B1 & B8 Investment

• Newly constructed, 20,526 sq. ft. GIA, high specification B1 and B8 laboratory facility
• 26% site coverage
• Let to Battelle UK Ltd for 15 years from 16th October 2012 at £164,208 per annum
• Five yearly, upward only rent reviews geared to the higher of RPI or Open Market Rental
• Offers in excess of £2.4m reflecting a NIY of 6.47% (assuming Purchaser’s Costs of 5.8%)