First Point, Buckingham Gate Gatwick Airport, Gatwick, RH6
PRIME SOUTH EAST REFURBISHED MULTI LET OFFICE INVESTMENT FIRST First Point, Buckingham Gate POINT Gatwick Airport, Gatwick, RH6 0PP » Prime South East multi-let office investment located adjacent to Gatwick Airport, within INVESTMENT walking distance of the terminal buildings. » Highly specified Grade A building totalling SUMMARY 62,028 sq ft which has recently been significantly refurbished at a cost of £3.1m. » Excellent proximity to Gatwick Airport, the M23 and M25 motorways and access via train to central London within 30 minutes. » 92% let to 5 tenants on 6 leases providing and attractive WAULT of 7.2 years to expiry 4.2 years to break. » Currently producing £1,423,451 per annum reflecting an average rent on let space of £22.55 psf. Latest deals reflect up to £24.60 psf with £26.00 psf being promoted on the vacant element. » Strong tenant profile from a good balance of airport related users and large corporates. Major tenants include HSBC, Close Asset Management, Norwegian and Amadeus. » Outstanding parking provision of 270 spaces reflecting a ratio of 1:230 sq ft. » Freehold. » Offers are sought in excess of £17,210,000 (seventeen million two hundred and ten thousand pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 7.75% assuming standard purchasers costs. Prime South East refurbished multi let office investment First Point, Buckingham GateGate, , Gatwick Airport, Gatwick, RH6 0PP M25 LOCATION/SITUATION 14 LONDON M4 First Point is located within immediate proximity to M25 Gatwick Airport within the eastern perimeter of the A2 airport boundary, and adjacent to junction 9A of the BROMLEY M23 motorway.
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