Sold

The Contour Portfolio

UK

dba187

Tenure: Freehold
Tenancy: Multi Let

Investment summary

•A portfolio of 7 office properties with various asset management opportunities.

•All properties are held freehold (Newbury is virtual freehold).

•Total area of approximately 16,099 sq m (173,301 sq ft).

•41 tenants.

•Income secured on a wide range of covenants.

•Current total passing rent of £1,904,266 per annum.

•The vendor is guaranteeing £240,036 per annum for 1 year, of which £194,004 comprises new leases or lease renewals currently in solicitors' hands.

•Estimated rental value of £1,989,613 per annum.

•Low average passing rent equating to £118.30 per sq m (£10.99 per sq ft).

•Low average capital value of £1,679.00 per sq m (£156.00 per sq ft).

•Total portfolio vacancy rate of only 2.4% of total income.

•66.0% of the income derived from town-centre locations.