Planet Portfolio
UK
dba042
Tenure: Freehold
Tenancy: Mixed
Investment summary
•A portfolio of five office properties with asset management opportunities.
•The properties are situated in Harpenden, Tunbridge Wells, Nottingham and Peterborough.
•All properties are freehold.
•Total area of approximately 6,121.0 sq m (65,890.0 sq ft).
•21 tenants offering excellent opportunities for active management.
•Income secured on a wide range of covenants including Barclays Bank Plc, UK Petroleum Products Ltd, Lambert Smith Hampton Ltd, Peterborough Council and Cambridgeshire Council.
•Current income of £792,950 per annum and an estimated rental value of £826,056 per annum.
•Average passing rent equating to £129.55 per sq m (£12.03 per sq ft).
•Weighted average un-expired term to 2012.
•Low average capital value of £1,735 per sq m (£161 per sq ft).
•Average car parking ratio of 1:56 sq m (1:604 sq ft).