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Matheson House, Grange Central, Telford Town Centre, Telford, West Midlands, TF3 4ER

£10,580,000

£78.37 per sq ft

Business rates & charges may apply

Gerald Eve, Capital Markets
SIZE AVAILABLE

135,000 sq ft

12,542 sq m

SECTOR

Office for sale

Key features

  • Single Let office building totalling 134,993 sq ft
  • Let to 5A1 Tenant, Capgemini (UK) Limited.
  • Tenant has invested £11.5m in the building since 2017.
  • Large 11.87-acre site in an excellent location.
  • 10 minute walk from Telford Central Station
  • Passing rent of £1,469,095 per annum subject to annual uncapped RPI uplifts
  • Excellent car parking ratio of 1:236 (565 spaces)

Description

SECURE INDEXED LINKED INCOME INVESTMENT WITH FUTURE REDEVELOPMENT POTENTIAL

Matheson House is a headquarter office built in 1991, totalling 134,993 sq. ft. The office is set over ground
and four upper floors, with four internal courtyards.

The tenant has spent £11.5m upgrading the building since 2017/18 demonstrating their commitment to the
property.

This includes £4.8m upgrading the air conditioning, £200,000 on lift refurbishment and refurbishment of
communal areas including the canteen, breakout spaces and a landscaped roof garden.
Capgemini are currently consolidating all staff from another office into Matheson House so there are
ongoing works to make parts of the office more suitable for the additional staff and the nature of their
contract work.

There is an onsite gym which operates a gym class timetable and has full-time personal trainers for
employees to use.

The property benefits from 565 parking spaces, providing an excellent town centre parking ratio of 1:236
sq ft. The tenant recently resurfaced the whole car park at their own cost.

Single Let office building totalling 134,993 sq ft

Let to 5A1 Tenant, Capgemini (UK) Limited.

Tenant has invested £11.5m in the building since 2017.

Large 11.87-acre site in an excellent location.

10 minute walk from Telford Central Station

Passing rent of £1,469,095 per annum subject to annual uncapped RPI uplifts

Excellent car parking ratio of 1:236 (565 spaces)

Brochures

Matheson House, Grange Central, Telford Town Centre, Telford, West Midlands, TF3 4ER

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Telford Central Station0.3 miles
  • Oakengates Station1.2 miles
  • Shifnal Station3.1 miles

Notes

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Disclaimer - Property reference 13483FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gerald Eve, Capital Markets. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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