OSPREY HOUSE 1 Percy Road, St John’s Park, Huntingdon, PE29 6SZ

Freehold Office Investment

2Osprey House 1 Percy Road, St John’s Park, Huntingdon, PE29 6SZ

INVESTMENT SUMMARY• Prominent two storey detached

office building constructed in 2000

• 981.5 sq m (10,565 sq ft) NIA

• Substantial plot of 1.7 acres, providing 64 parking spaces and amenity area with potential for further development (STP)

• VRF cooling / heating system replaced in 2019

• Income producing investment occupied by Anglian Water producing £141,750 per annum (£13.41 psf)

• Capital value of £172.74 psf

• Net internal yield of 7.3% (allowing purchasers costs 6.1%)

• Offers sought in the region of £1.825m exclusive

3Osprey House 1 Percy Road, St John’s Park, Huntingdon, PE29 6SZ 3

DESCRIPTIONThe property comprises a self contained detached two storey office building of steel frame construction with brick elevations under a pitched tiled roof. The property has a substantial plot of 1.57 acres and a 15% development density. We feel it may be possible to add additional development on the site (subject to planning).

The property benefits from the following features:

• Mitsubishi VRF cooling / heating system replaced 2019

• Open plan layout with central core capable of easy sub division

• Full accessed raised floors and suspended ceiling

• Reception/waiting area

• 8 person passenger lift

• Kitchenette and WCs to each floor

• 64 parking spaces

DESCRIPTIONFLOOR AREA (NIA) SQ FT SQ M

Ground 5,247 487.5

First 5,318 494.0

TOTAL 10,565 981.5

TENANCY INFORMATIONThe property is let in its entirety to Powermarque Limited (Guaranteed by AWG Ltd) under a lease which expires in 2020 and is to be superseded by a new reversionary full repairing and insuring lease to Anglian Venture Holdings Limited, commencing 24th June 2020 for a term of 10 years subject to Tenant’s option to determine at the end of the fifth year of the lease. The lease is guaranteed by AWG Group Ltd (Reg No: 02366618).

The current rent passing is £141,750 per annum exclusive (£13.41 psf) and subject to review in 2025. Anglian Venture Holdings Limited (Reg No. 06426222) are rated a 5A1 company by Dun & Bradstreet.

TERMSThe freehold interest of the property is available, with offers sought in the region of £1.825m. A purchase at this level will reflect an initial yield of 7.3% including purchaser’s costs. The property is subject to an estate charge provision which is recoverable from the tenant.

EPCWe are awaiting confirmation of the new EPC rating.

IMPORTANT NOTICE

Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | January 2020

Osprey House, St John's Park, Huntingdon1.57 acres (0.63 ha)

Ordnance Survey © Crown Copyright 2020. All Rights Reserved.Licence number 100022432Plotted Scale - 1:1250. Paper Size - A4

For indicative purposes only.

4Osprey House 1 Percy Road, St John’s Park, Huntingdon, PE29 6SZ

LOCATIONOsprey House is prominently located at the gateway to St John’s Business Park and Vantage Park, a business park development constructed in the mid 2000s.

Washingley Road is accessed from the A141 (Spittals Way) which bypasses Huntingdon to the north and provides access to the A14, together with a direct link to the M11, M6 as well as the A1 and M1.

Nearby occupiers on the park and in the immediate vicinity include Audi and VW dealerships, Couch Perry Wilkes, Coversure Insurance Services, Impact Direct and Capita.

VIEWING & FURTHER INFORMATIONStrictly by appointment with the sole agent Savills.

Phillip Ridoutt+44 (0)1223 347079 pridoutt@savills.com

Edward Gee+44 (0) 1733 209906 egee@savills.com