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Drinkstone Office Park GOOD QUALITY, WELL LET, BUSINESS PARK COMPRISING 2 PAVILION STYLE OFFICE UNITS IN AN ESTABLISHED LOCATION DRInkSTOnE OFFIcE PARk Bury St Edmunds, IP32 7AR Investment Summary n Well let business park in a prominent position within Bury St Edmunds n Good quality buildings, let to the First Secretary of State, northgate Information Solutions and Think Finance (Uk) Limited n current rental income of £212,000 per annum refl ecting a low base rent of £13.45 per sq ft overall n Built in 2002 (Ross House), 2005 (Acas House) and providing 62 car spaces (1:254 sq ft) n Active asset management opportunity to re-gear the existing leases n Freehold n We are instructed to seek offers in excess of £2,055,000 (Two Million and Fifty Five Thousand Pounds), exclusive of VAT and subject to contract, for the freehold interest. A purchase at this level would refl ect a net initial yield of 9.75%, net of purchaser’s costs of 5.8%, and a capital value of £130.35 per sq ft. John o' Groats Durness Skerray Port of Ness Thurso Balchrick Portskerra Wick Tongue Mybster Wick Stornoway Culkein Altnaharra Ulbster Unapool Kinbrace Stornoway Lybster Lochinver Lairg Brora Ullapool Inveran Dornoch Kincardine Gairloch Braemore Junction Invergordon Lossiemouth Macduff Fraserburgh Cromarty Elgin Buckie Forres Banff Benbecula Achnasheen Nairn Keith Inverness Rothes Turriff Mintlaw Peterhead Inverness Grantown- Craigelliachie Huntly Kyle Drumnadrochit on-Spey Inverurie Ellon Barra Invermoriston Dyce Aviemore Aberdeen Invergarry Kingussie Aberdeen Ardvasar Portlethen Mallaig Newtonmore Braemar Banchory Stonehaven Dalwhinnie Laurencekirk Fort William Johnshaven Pitlochry Brechin Glencoe Tobermory Montrose Tiree Aberfeldy Forfar Lunan Blairgowrie Arbroath Dundee Carnoustie Oban Dundee Perth St Andrews Callander Cupar Glenrothes Dunblane Alloa Buckhaven Stirling Cowdenbeath Kirkcaldy Dunfermline Helensburgh Denny North Berwick Dunoon Stenhousemuir Dumbarton Kilsyth Edinburgh Dunbar Falkirk Glasgow Bo'ness Greenock Livingston Haddington Paisley Edinburgh Rothesay Motherwell Eyemouth Largs Islay Hamilton Peebles Biggar Irvine Kilmarnock Melrose Coldstream Brodick Muirkirk Troon Prestwick Kelso Belford Prestwick Machrihanish Cumnock Ayr New Cumnock Campbeltown Maybole Sanquhar Turnberry Moffat Girvan Thornhill Amble Morpeth Ballantrae Otterburn Newbiggin- Londonderry Kielder by-the-Sea Blyth New Lockerbie Galloway Woolsington Whitley Bay Dumfries Newcastle International Airport Kirkcolm Gretna Tynemouth Newton Haltwhistle Prudhoe Stewart Dalbeattie Annan Stranraer Newcastle-upon-Tyne Glenluce Kirkcudbright Brampton Sunderland Portpatrick Wetheral Allonby Wigton Port Logan Whithorn Durham Peterlee Drummore Maryport Bishop A1M Auckland Hartlepool Belfast Workington Keswick Penrith Whitehaven Durham Tees A66 Valley Airport St Bees Middlesbrough Whitby Darlington Seascale Richmond Windermere Ramsey Ravenglass Coniston A19 Scarborough Peel A170 Pickering Filey Douglas Ripon Ballasalla Lancaster A1 Castletown Harrogate Bridlington York Hornsea Beverley Blackburn Bradford Leeds Kingston M65 upon Hull M621 A1(M) Preston A565 Rochdale M62 Goole M6 Humberside M1 Huddersfield Scunthorpe M58 Doncaster Liverpool Manchester Caistor M1 M18 M60 M62 Stockport M6 Louth Mablethorpe Sheffield M56 Sutton-on-Sea M1 Macclesfield Retford Lincoln Chesterfield Ingoldmells Caernarfon M6 Chester Skegness Wells next the Sea Nefyn Porthmadog Boston Holt Sheringham Nottingham Hunstanton Cromer Pwllheli Criccieth Whitchurch Location Derby M1 Grantham Fakenham N. Walsham Norwich King's Lynn Barmouth Telford M6 East Bury St Edmunds is an attractive and historic Suffolk market town, The town benefits from good road communications,Midlands being Great Welshpool M6 Peterborough Yarmouth and West Suffolk commercial centre, located approximately 75 adjacent to the A14 arterialTOLL road which links to Cambridge and M52 M42 Leicester Norwich miles north east of LondonAberdovey and 30 miles east of Cambridge, with Wolverhamptothe M11 nmotorway to the west and Ipswich to the east. The Birmingham DRInkstonE OFFIcE paRk good road and rail communications with Norwich, Ipswich and A143 and A134 also converge onM6 Bury St EdmundsM69 whichCorb allowsy BURY ST EDMUNDS, IP32 7AR Bliston A1(M) A11 Newtown Southwold Kerry County Cambridge. convenient access for the Birminghamsurrounding population. The M11 is Aberystwyth Brandon Halesworth Waterford located 30 miles to the southwest and is accessed viaKettering the A11/ Llandrindod M5 Coventry Huntingdon A143 The town has seen significant investment and expansionWells over A14 dual carriageways. There are regularCoventry rail services from both Newmarket M42 Northampton Cambridge Leiston A14 A14 recent years, in particularAberaeron to town centre retail development, and London Liverpool Street and London Kings Cross via M1Cambridge. Bury Stowmarket Worcester Bedford modern business park expansion toTregaron the east of the town at Suffolk St Edmunds Woodbridge Llanelwedd Hay- Great A134 M40 Park, elevating the town’s Lampeterstatus as a regional commercialon-Wye hub. Malvern M5 Cambridge Cardigan Milton Sudbury Ipswich Keynes Llandovery Cork Fishguard Hereford M50 Colchester Felixstowe The town has a local population of 34,113 (2011Brecon Census), with M11 Braintree Gloucester Banbury a large and affluentSt. catchment population of 251,000 (Source Cheltenham Cheltenham Luton Haverfordwest Clears M40 Stansted Promis) in the surroundingCarmarthen villages. There is a buoyant local Gloucester Aylesbury Stevenage Merthyr Luton Milfordeconomy driven by agriculture, brewing and tourism. Clacton-on-Sea Haven Llanelli Stroud Oxford A1(M) Tenby Neath Chepstow Chelmsford Pembroke Swansea Cwmbran M25 Port Pontypridd Talbot M4 M5 A46 Swansea Bridgend M4 Newport Maidenhead London Chipping A34 Cardiff Bristol Sodbury Reading Porthcawl Bristol M4 Penarth Lyneham London-City Margate Bristol Heathrow Broadstairs Llantwit Barry Chippenham M25 Major Cardiff Clevedon Croydon Weston Bath Newbury Kent Intnl. Ramsgate Situation Super-Mare A37 Guildford M25 M20 M2 Lynton Lynmouth Burnham- Trowbridge M3 Sandwich Ilfracombe A338 A34 Canterbury on-Sea A134 Westbury Gatwick Maidstone Deal Drinkstone Office Park is situated at the Mineheadentrance to Suffolk Basingstoke Bridgwater A36 Dover Business Park on the Eastern outskirtsBarnstaple of Bury St Edmunds. Wells M20 GlastonburyJ43 Winchester Crawley Folkestone Salisbury A143 Tunbridge Suffolk Park is the premier out of town destination inTaunton Bury St A303 Petersfield Wells A21 Edmunds, andClovelly major growth areaBideford for future commercial and Shaftesbury South Wellington Bury St J43 Southampton A3 Great Molton M27 residential development. YeovilYeovil A354 Southampton A23 Torrington Crewkerne Holsworthy Sherborne Shoreham Bude Honiton A14 A27 Brighton Lyme B'mouth Access to the property is via KempsonCrediton Way, which leads off the Regis Okehampton Dorchester roundabout of Bedingfield Way, Skyliner Way andExete Orttewellr Sidmouth Road. A31 Poole Tintagel Exeter Bridport DRInkstonE OFFINewportcE paRk BournemouthBURY ST EDMUNDS, IP32 7AR Drinkstone officeLaunceston Park is well situated for access to the A14, with Wareham Newton Exmouth Padstowjunction 44,0.8 miles to the West and theAbbot town centre 3 miles to Teignmouth Weymouth Swanage Wadebridgethe North West. Nearby occupiersTavistock include Honda, Audi, Greene Bodmin Newquay Plymouth Torquay Bury Saint King, Sealey Power Products, and Taylor Wimpey’s new East of Edmunds NewquayEngland headquarters.Looe Totnes J44 Plymouth Paignton St. Austell Redruth Truro Kingsbridge Dartmouth St. Ives Salcombe Penzance Heliport Hayle Bury Saint St Mawes Edmunds J44 Hospital A14 St Just Falmouth Penzance A134 Helston Moreton Description Tenancy & Accommodation Drinsktone Office Park comprises a small business park of two The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) detached pavilion style office buildings known as Acas House and Ross and provides the following accommodation. House. The office park is well established, and set in a mature attractive Rent £ PA Parking landscaped grounds, with both buildings benefitting from dedicated on Building Floor Tenant Lease Start Break Lease Expiry (£ per sq ft) Sq ft Sq m spaces site car parking with a ratio of 1:254 sqft Acas House Entire property First Secretary of State 24/06/2005 n/a 26/10/2016 102,000 (£14.81) 6,887 640.00 25 Acas House comprises 6,887 sqft / 640 sqm of purpose built office 102,000 6,887 640.00 25 accommodation arranged over ground and first floors. Acas House Ross House Ground Think Finance (UK) Limited 19/12/2011 19/12/2014(1) 18/12/2016 50,000 (£11.72) 4,268 396.56 18 was designed and built as a pre-let for the current occupier, the Acas First Northgate Information 25/12/2011 Rolling break 24/12/2016 60,000 (£13.02) 4,610 428.34 19 Solutions (UK) Limited clause(2) Conciliatory Service in 2005. 110,000 8,878 824.90 36 Ross House comprises 8,878 sq ft / 825 sq m of purpose built office Total 212,000 15,765 1,464.90 62 accommodation, arranged over two self-contained floors, and was (1) The tenant has served notice to exercise the break clause effective 19th December 2014. constructed in 2002. (2) The lease contains an option to terminate at any time after 25th December 2013 on not less than 9 months’ notice. Tenure The property is held freehold. covenant Site 5 The property occupies a site of 0.91 acres (0.3685 hectares) as shown outlined in red on the Ordnance Survey extract plan.
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