UK Fiera Real Estate lists UK Fuels headquarters office building for sale, asking price £12.5 million
en.Wedoany.com Reported - UK Fiera Real Estate is instructing Lambert Smith Hampton to market an office property at Radius Campus in Crewe, which is fully leased to UK Fuels, a fuel card supplier under Radius. The four-story office building offers 52,700 square feet of office space. At a guide price of £12.5 million, the transaction would yield a net initial yield of 9%, with a capital value of £236 per square foot.
Radius Campus is located on Emperor Way within the Crewe Business and Technology Park. UK Fuels (part of the Radius Group) has a lease term of 12.5 years remaining, paying an annual rent of £1.2 million for the office complex. The building features two gyms, a café, a restaurant, and a games room, with an EPC rating of A and a BREEAM rating of "Very Good."
The entire site covers 2 acres, with the building occupying only 20% of the area. The site includes 186 parking spaces, 22 of which are equipped with electric vehicle charging capabilities. The land is currently held on a long-term lease from Cheshire East Council at a nominal peppercorn rent.
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