Block 16 | York Biotech Campus Sand Hutton
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Block 16 York Biotech Campus Sand Hutton
381,903 SF Industrial Building York YO41 1LZ £48,470,000 (£127/SF) 6.50% Net Initial Yield
Investment Highlights
- International renowned Biotech and Life Science campus totalling 381,903 sq.ft on a site of 81.9 acres, which was originally built at a cost of £134 m
- Let to Capita Plc for a further 21.8 years
- Property comprises high specification labs, quarantine zines, high specification plant testing facilities, external crop testing zones, offices etc
Executive Summary
Property comprises high specification labs, quarantine zines, high specification plant testing facilities, external crop testing zones, office and warehouse space along with a conference centre and extensive amenities
Offers sought in excess of £48,470,000 which reflects a net initial yield of 6.50% and a headline reversionary yield of 10.46%. Low capital value of £127 per sq.ft.
Offers sought in excess of £48,470,000 which reflects a net initial yield of 6.50% and a headline reversionary yield of 10.46%. Low capital value of £127 per sq.ft.
Property Facts
Price | £48,470,000 | Building Class | B |
Price Per SF | £127 | Lot Size | 81.90 AC |
Sale Type | Investment | Rentable Building Area | 381,903 SF |
Net Initial Yield | 6.50% | Number of Floors | 2 |
Tenure | Freehold | Year Built | 1996 |
Property Type | Industrial | Tenancy | Single |
Price | £48,470,000 |
Price Per SF | £127 |
Sale Type | Investment |
Net Initial Yield | 6.50% |
Tenure | Freehold |
Property Type | Industrial |
Building Class | B |
Lot Size | 81.90 AC |
Rentable Building Area | 381,903 SF |
Number of Floors | 2 |
Year Built | 1996 |
Tenancy | Single |
Amenities
- Bio-Tech/ Lab Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Block 16 | York Biotech Campus Sand Hutton
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