OFFICE INVESTMENT WITH DEVELOPMENT POTENTIAL GENERAL ELECTRIC, BOUGHTON ROAD, RUGBY CV21 1BU OFFICE INVESTMENT WITH DEVELOPMENT POTENTIAL GENERAL ELECTRIC, BOUGHTON ROAD, RUGBY CV21 1BU Investment Summary Opportunity to acquire a single let HQ office building with Let to GE Energy Power Conversion UK Limited, reversionary development potential a subsidiary of General Electric 3 storey office totalling86,983 sq ft sitting on a large site of 6.17 acres Potential redevelopment for residential on expiry of the lease (STP) Low site coverage of 19% Current rent of £462,000 per annum (just £5.31 psf) Excellent location 2 miles north of Rugby town centre in Offers in excess of £4,000,000 (STC) Warwickshire, off junction 1 of the M6 Net Initial Yield of 10.84% Let for a term of 5 years commencing 1st January 2018, expiring Low capital value of just £46 psf 31st December 2022 (1.93 years unexpired), and contracted out of £648,000 per acre the L&T Act 1954 OFFICE INVESTMENT WITH DEVELOPMENT POTENTIAL GENERAL ELECTRIC, BOUGHTON ROAD, RUGBY CV21 1BU Electrical Boughton Road Substation Rugby CV21 1BU TO COVENTRY TO M1 M6 M6 J1 M6 RUGBY GATEWAY CENTRAL PARK SWIFT VALLEY INDUSTRIAL ESTATE A426 GLEBE FARM INDUSTRIAL ESTATE Boughton Rd A426 CALDECOTT MANOR GE MANUFACTURING FACILITY TO RUGBY TOWN CENTRE OFFICE INVESTMENT WITH DEVELOPMENT POTENTIAL GENERAL ELECTRIC, BOUGHTON ROAD, RUGBY CV21 1BU RUGBY TOWN CENTRE GE MANUFACTURING FACILITY RUGBY Electrical Substation A426 A426 TO M6 TO RUGBY GATEWAY CALDECOTT MANOR CALDECOTT MANOR TO SWIFT VALLEY INDUSTRIAL ESTATE Boughton Road Rugby CV21 1BU OXFORD CANAL YORK LEEDS BRADFORD PRESTON BLACKBURN KINGSTON UPON HULL WAKEFIELD Southport Huddersfield M6 M62 M66 M61 Bolton Formby MOUTH OF THE HUMBER Ormskirk Wigan OLDHAM DONCASTER MANCHESTER M1 St Helens M6 SALFORD LIVERPOOL M60 M62 STOCKPORT Peak District Birkenhead WARRINGTON Widnes SHEFFIELD M56 Runcorn M56 Ellesmere Port M56 Frodsham Northwich Macclesfield Buxton Chesterfield LINCOLN CHESTER Congleton M1 M6 Crewe Newark-On-Trent WREXHAM STOKE-ON-TRENT OFFICE INVESTMENT WITH DEVELOPMENT POTENTIAL Boston NOTTINGHAM Hunstanton GENERAL ELECTRIC, BOUGHTON ROAD, RUGBY CV21 1BU THE WASH DERBY Grantham Uttoxeter Oswestry M1 Burton Upon Trent Loughborough King's Lynn Rugby M6 Ashby-De-La-Zouch SHREWSBURY Rugby is located 33 miles east of Birmingham and 21 miles Positioned TELFORD LICHFIELD Oakham north west of Northampton, with excellent transport links being M54 LEICESTER adjacent to the adjacent to the M1/M6 interchange. WOLVERHAMPTON ‘GoldenPETERBOROUGH Triangle’ M42 Junction 1 of the M6 motorway is 2 miles north of the town centre, formed by the Market Corby and joins Junction 19 of the M1 motorway to the east, providing M1 Harborough M1, M6 and M69 direct access to the M25 to the south, and Sheffield and Leeds to BIRMINGHAM motorwaysA1(M) ELY Thetford the north. COVENTRY M6 Kidderminster Kettering Rugby The town is regarded as one of the key industrial and distribution M42 Royal Leamington Spa locations in the UK, positioned adjacent to the ‘Golden Triangle’ Bury St Edmunds Daventry formed by the M1, M6 and M69LLANDRINDOD motorways. WELLS Within this area, NORTHAMPTON 80% of the country’s population can be reached within a 4-hour Stratford- CAMBRIDGE Upon-Avon M40 drive time. WORCESTER Bedford Rugby also benefits from excellent rail links with direct access to IPSWICH BANBURY London in a journey time of 50 minutes. Birmingham New StreetHEREFORD Chipping Campden and international stations are reached in only 30 and 20 minutes Boughton Road Rugby CV21 1BU respectively. Birmingham Airport is located 24 miles to the west of M50 M1 Rugby and offers both cargo and passenger flights. Chipping Norton COLCHESTER LUTON GLOUCESTER Brecon Beacons Clacton-On-Sea M5 OXFORD Hoddesdon CHELMSFORD HEMEL HEMPSTEAD Cirencester M40 M25 Faringdon M1 Watford M11 Rickmansworth Didcot Malmesbury NEWPORT Hornchurch SWINDON M25 M4 Royal SLOUGH MOUTH OF THE THAMES M4 Wootton LONDON Bassett M4 CARDIFF M4 BRISTOL M4 READING Marlborough Hungerford ByBATH Air By Rail By Road M3 M25 Devizes M2 Weston-Super-Mare The nearest major international Rugby is around 50 minutes Rugby is at the centre of the BRISTOL CHANNEL M25 M26 CANTERBURY airport is BirminghamTrowbridge Airport. from London Euston, and can be country, at the junctions of the Sevenoaks Direct train services serve Rugby, reached by direct services from M1 (J19), M6 (J1) and the A14. M25 MAIDSTONE Dorking REDHILL Oxted GUILDFORD or you can take a taxi from the Birmingham, the north, south and Tonbridge M20 Warminster WELLS M3 M23 Ashford arrivals area Scotland ROYAL Glastonbury TUNBRIDGE WELLS M20 Crawley Tenterden WINCHESTER Horsham SALISBURY TAUNTON Haywards Heath Rye M5 Yeovil SOUTHAMPTON South Downs Lewes Hastings CHICHESTER Bexhill New Forest BRIGHTON PORTSMOUTH Newhaven Eastbourne DORCHESTER Poole BOURNEMOUTH Exmouth Weymouth ENGLISH CHANNEL R o a Coton House d R N iv Estate e e w r S t on Lan w i ft e Rugby Services M6 M6 Rugby Gateway Ri v A426 e r Central Swif Park Excellent t wton Lane location 2 miles Ne Europark north of Rugby e A5 n a L town centre and ton w e just off junction 1 N M C a Newton n a Swift Valley l F of the M6 ee de r W Boughton Road a tli n Rugby CV21 1BU g S t r eet A426 Prospect Ri Electrical v Park er oad R ver R iver A so Substation n S ow Br oad w ver R N Brownso ift O e w l d v ton R o L n e iceste o ad Glebe Farm r Road B4112 Industrial Estate Swift Park Road Newbold on nsover Brownsover ow O m Road Br x r N f Situatione Avon M or ain d Glebe Fa w C t St a o r n n n e al o e R t o Av a n d Boug o er d O v a v The property is located 2 miles north of x A o f Ri h R o t r r r o e e d n v st R e C o Ri c a Rugby town centre, just off the A426 and i a e d L na Co l n sul R is surrounded primarily by residential N o Park e ad r Road wbol e est B properties, including Taylor Wimpey’s c o fi Lei u eld d g Roa h t R d o Caldecott Manor scheme. oad n n o R Avon Valley v A o a Newbold r d School e v Centenary i TECHNOLOGY R T River Park e RETAIL PARK Avon ch GE Power n Being located directly off the A426, which A426 ol Road ogy D Conversion elief Ne Leicester ern R wbold Road riv West e itself links with Junction 1 of the M6 about a Road Boughton Clifton-upon- Rive Road Recreation r Avo n Lilbourne Road Technol Ground mile furtherDunsmo North,re means that the property ain Street ad M urne Ro Rugby k o o Lilb gy o Sewage Dr o also benefits from being close to Leicester Works ive d Rugby n Br a B o u o ord Canal tlers xf R College Lea O y p lift gb Road Retail Park, Elliots Field Retail Park, a C Ru M West Coast Main Line ill R Tesco Superstore as well regionally significant on o Butle Av a d ver rs Ri Le W ap oad o employment/industrial zones in Rugby od R S tre d et l e fi GE Power, Gateway and Swift Valley Industrial Estate. k r W ad ood S a Newbold treet o P H k Road Rugby ou o lto o n r W d old R es a W B t Co b ay a o w Cemex w st Main o e The property is accessed off Broughton Road, S N L fton R ine li Caldecott C Park an important spine road connecting with the e c a A426 roundabout. The road provides regular a r A428 Lawford Ro d r e oad R ay T A4071 eet ay Oxfo bus services to Rugby and Rugby Train Station Str B5414 w r d ver il rr li North O a u C t R a M Rugby n H ee L a a r d Golf Club is justo a 15 minute walk south. w t l d a f S o u a o S R lton rd t n n r Ro R ee to o o f n a i li t C W d t iso a d t ay e d or A e r p New Bilton t S Church Whinfield estern Relief Road r or S W e tr C Recreation v ee li t d O Clifton Roa Ground Clif ton R o Whinfield A428 L Rugby ad awfor Cemetery d R oad Clifton Lawrence Road Cemetery Sheriff Whinfield W Hil School est Co lmorton Roa Woods B4642 d ast Main ay d A426 Linnel Road n W So oa Houlto w Br R Open Space ilton d Cl Line B a ift o o ook ad A428 n o R Broo The Close k R OFFICE INVESTMENT WITH DEVELOPMENT POTENTIAL GENERAL ELECTRIC, BOUGHTON ROAD, RUGBY CV21 1BU Description The property comprises a three storey office building of traditional brick construction under a flat felt roof. There are two interior courtyards creating light wells for the offices, and to the rear are three small profile metal clad industrial sheds used for storage. The property totals 86,983 sqft of gross internal area and sits on a very large site of circa 6.17 acres (2.5 hectares) including car parking for c.387 vehicles.