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Medina & Morton House, Fieldhouse Lane, Marlow Business Park, Buckinghamshire SL7 1TB SL7 1TB

Status: Sold

Date: 01 July, 2013

Type: Offices


  • Freehold Office Investment located in Marlow Business Park, a prestigious South East office location.
  • Walking distance to Marlow station and attractive amenities of Marlow town centre.
  • Two modern headquarters buildings constructed in 1991 totalling 39,095 sq ft with excellent parking provision.
  • The configuration of the buildings with excellent natural light, raised floors, air conditioning and lifts offer a strong platform or refurbishment to achieve enhanced rents and benefit from the shortage of supply of Grade A accommodation locally.
  • Short term lease expiry and fully costed refurbishment scheme offers the potential for a purchaser to deliver Grade A accommodation with 12 months.
  • Fully let to Renew Holdings Ltd until September 2013 producing £852,000 pa (equating to £21.80 psf).
  • Offers for the freehold are sought in excess of £3,470,000 (three million, four hundred and seventy thousand pounds), subject to contract and exclusive of VAT, which shows a capital value of £90 psf and an attractive net initial yield of 23.20% assuming purchasers costs of 5.80%