Built in 1999 and comprises a modern self-contained office building totalling approximately 16,974 sq ft
78 car parking spaces (car parking ratio of 1:218)
Freehold
The property is let in its entirety, on a re-geared FRI lease, to Tokyo Electron Europe Limited for a term of 10 years from 6th May 2019
9.1 years to lease expiry
This is the second time the tenant has re-geared at Pioneer House, the tenant remains in full occupation
Low passing rent of £370,000 p.a (£21.80 psf)
Quoting offers in excess of £5,500,000, reflecting a Net Initial Yield of 6.50% (assuming purchaser’s costs of 6.0%)
