Investment Summary

Sir Christopher Harding House, North Shore Road, Whitehaven, CA28 7XY

  • Modern office investment located in Whitehaven, the centre of Britain's Energy Coast (the English equivalent to Aberdeen)
  • Whitehaven is the primary business location for the UK's nuclear industry and is rapidly developing into a global centre of excellence
  • Let to the secure covenants of the Nuclear Decommissioning Authority and United Utilities Water Plc
  • Measuring 45,391 sq ft (4,217 sq m) in accordance with IPMS 3 and boasting a cleared floorplate of over 20,000 sq ft
  • Occupationally linked to the Nuclear Decommissioning Authority (100+ year contract) at Sellafield Nuclear Power Station
  • AWULT of 3.5 years to expiry
  • Total rent passing of £605,075 per annum equating to just £12.35 psf on the office space. The recent review reflects a 21% uplift on the previous passing rent and is still 31% below the highest rent achieved in the town
  • Car park income is RPI linked
  • We are instructed to seek offers in the region of £6,000,000 (STC)
  • Attractive 9.46% Net Initial Yield
  • Low capital value of just £132 per sq ft
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