78 Portsmouth Rd | Cobham KT11 1AN
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78 Portsmouth Rd
Cobham KT11 1AN
Cedar House · Office Property For Sale
Investment Highlights
- Freehold office building located within the affluent village of Cobham in the Borough of Elmbridge, Surrey
- Prominent 1.48-acre site with significant alternative use potential subject to obtaining the necessary consents
- 96 on-site car parking spaces providing an attractive ratio of 1:307 sq ft on the office accommodation
- ituated within close proximity to Cobham High Street with a wealth of local and national retailers, including a Waitrose supermarket
- Cedar House is a highly specified office building totalling 31,113 sq ft which was subject to a £6 million refurbishment in 2019
- Draft allocated for residential within the emerging Elmbridge Local Plan
Executive Summary
Cedar House is a prominent office building fronting Portsmouth Road, providing 31,113 sq ft over ground and three upper floors. Originally constructed in 1997, the property has a concrete frame with external brick cladding and is rich in amenities such as conference rooms and event space. The ground level entrance opens to an attractive full height atrium, forming the centrepiece of the building, along with a spacious reception. The ground floor also benefits from a fully fitted auditorium along with kitchen and dining areas
Cedar House was subject to a £6 million refurbishment in 2019 (£193 per sq ft) to provide highly specified, future-proofed office accommodation.
Cedar House is currently owner occupied by Hexagon who will be vacating the building. Hexagon Corporate Services Limited will take a leaseback up to 2 years on the whole building from completion of the sale at a peppercorn rent, with rolling monthly break options at a mutually agreeable timescale from commencement of the leaseback.
Cedar House was subject to a £6 million refurbishment in 2019 (£193 per sq ft) to provide highly specified, future-proofed office accommodation.
Cedar House is currently owner occupied by Hexagon who will be vacating the building. Hexagon Corporate Services Limited will take a leaseback up to 2 years on the whole building from completion of the sale at a peppercorn rent, with rolling monthly break options at a mutually agreeable timescale from commencement of the leaseback.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Tenure
Freehold
Building Size
31,113 SF
Building Class
B
Year Built/Renovated
1998/2016
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,778 SF
Building FAR
0.48
Lot Size
1.48 AC
Parking
115 Spaces (3.7 Spaces per 1,000 SF Leased)
Amenities
- Raised Floor
- Air Conditioning
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