Peregrine Business Park, High Wycombe – Sold
November 3, 2019
Out of town business park sold on behalf of Columbia Threadneedle to Regional REIT Limited.
Peregrine Business Park is a six building office campus close to High Wycombe town centre and the motorway network overlooking the Buckinghamshire countryside. The park totals 46,374 sq ft of office accommodation on a site area of approximately 4.98 acres. The property is multi let to 6 tenant on 7 occupational leases. The scheme has a low average rent of only £18.69 per sq ft on the office accommodation.
The tenancies produce a WAULT of 5.02 years to expiries and 3.14 years to breaks. There are 209 car parking spaces providing an excellent car parking ratio of 1:220 sq ft.
