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Freehold Office Investment For Sale

For sale: £937,500.00|5463 Sq Ft|Office, Business park, Offices

PROPERTY DETAILS

FOR SALE£937,500.00
SIZE5463 Sq Ft
ADDRESSUnit 15, Interface Business Park, Bincknoll Lane, SN4 8SY
TYPEOffice, Business park, Offices
TENUREInvestment Opportunity
POSTED ON10th November 2016

DESCRIPTION

• Interface Business Centre is an established and high quality office scheme situated within 2 miles of J16 of the M4 Motorway.
• A two storey office building of 5,463 sq.ft. within a scheme of 6 similar units on the Interface Business Park.
• Let jointly to Quick Move Properties Limited and Quick Move Now Limited on a 15 year lease from 22 June 2007 at a passing rent of £45,000 per annum increasing to £75,000 per annum exclusive on 22 June 2017. 5.5 years unexpired.
• The two occupying companies are jointly and individually liable for the tenant’s obligations under the lease. Quick Move Now Limited is a strong covenant.
• We are instructed to seek offers in the region of £937,500 exclusive which following the agreed rental uplift in June 2017 reflects a net initial yield of 7.57% after costs of 5.68 %. CV of £169 psf.
• Adjoining unit 14 is currently vacant, and could also be purchased for a larger lot size.

LOCATION

Location: Unit 15, Interface Business Park, Bincknoll Lane, SN4 8SY

Swindon (4.7 miles)

AGENT'S DETAILS

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