BBC RADIO LEICESTER

9 St Nicholas Place, Leicestershire, LE1 5LB

 
 

Government Income Investment Opportunity

KIM-BBC Leicester-3437.jpg

Investment Summary

  • Securely let office investment in Leicester city centre

  • Purpose built Radio Station, incorporating a shop, training room, offices and studios

  • Fully occupied and leased to the BBC

  • 25 year lease from 8th October 2004 providing an unexpired term of 11 years to expiry and
    3 years to break

  • 17,535 sq ft NIA arranged over ground and two upper floors

  • Passing rent of £285,587 per annum reflecting £17.68 psf

  • Fixed increase at rent review in 2019 to £323,115 p.a, open market five yearly thereafter

 

 

 

Proposal

  • Offers invited in excess of £3,800,000 reflecting a Net Initial Yield of 7.00%

  • Reversionary yield of 8.00% in 2019

  • Low capital value of £217 per sq ft

Contact the Team

Josh Beebee - 0207 952 6297 - josh.beebee@kimmre.com

Mike Burden - 0207 952 6103 - mike.burden@kimmre.com

Rory Turner - 020 7952 6302 - rory.turner@kimmre.com

Charlie Moulton - 020 7952 6298 - charlie.moulton@kimmre.com