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Watson House, London Road, Reigate RH2 9PQ

Status: Sold

Date: 01 October, 2011

Type: Offices

Watson House, Reigate

  • Prominent HQ office building sold following the negotiation of a lease re-gear for 10 years, Sold for Lloyds Bank Pension Fund for £19.7m

  • Prominent headquarters office building located in central Reigate.
  • Producing a rental income of £1,504,000 per annum, which reflects £21.35 per sq ft on block A and £21.38 per sq ft on block B.
  • Reigate is an established M25 office market, with a historically low grade A vacancy rate.
  • Excellent car parking provision of 230 spaces. (ratio 1:298 sq ft)
  • The property which totals 73,936 sq ft has an excellent specification which includes air conditioning, raised floors, category 2 lighting and suspended ceilings.