Roche Diagnostics, Charles Avenue, Burgess Hill RH15 9RY
01 January, 2015
Roche, Burgess Hill
Prime South East Headquarters Office investment located
in the affluent town of Burgess Hill.
Burgess Hill is a growth town which is strategically located
adjacent to the A23 (M23) connecting Brighton to Gatwick
Airport and the M25 motorway and central London.
Highly specified grade A headquarters office building,
totalling 79,742 sq ft (7,408 sq m), set in an attractive
Extensive fit out including a full height function space,
ground floor coffee bar and restaurant, VIP dining rooms,
a gym, customer training areas and showrooms.
Excellent parking provision of 300 spaces reflecting
a ratio 1:266 per sq ft.
Let to Roche Diagnostics Limited on a 15 year FRI lease
expiring in June 2021 (6.7 years unexpired).
Current rent of £1,586,583 per annum (£19.90 per sq ft
overall) with a fixed uplift in June 2016 to £1,803,850
per annum (£22.62 per sq ft overall).
Roche Diagnostics Limited (D&B 5 A1) are a wholly owned
subsidiary of Roche Holdings AG.
Rental guarantee for the duration of lease from Deutsche
Large site affording the potential for future extension.
Offers are sought in excess of £17,925,000 (seventeen
million, nine hundred and twenty five thousand pounds)
subject to contract and exclusive of VAT reflecting a net
initial yield of 8.37%, with a fixed uplift in June 2016 to
9.51% assuming purchaser’s costs of 5.80%.