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Unit 1, Bocam Park, Bridgend, Mid Glamorgan, CF35, Unit 1, CF35 5LJ

For sale: £3,576,000.00|Business Park, Office, Offices

PROPERTY DETAILS

FOR SALE£3,576,000.00
ADDRESSUnit 1, Bocam Park, Bridgend, Mid Glamorgan, CF35, Unit 1, Bridgend, CF35 5LJ
TYPEBusiness Park, Office, Offices
TENUREInvestment Opportunity
POSTED ON19th October 2020

DESCRIPTION

Multi-Let, Fully-Occupied, Modern Business Park Investment. - - Situated in Bridgend, a regionally dominant commercial location along the South Wales M4 corridor.

- Bocam Park is strategically located immediately on Junction 35 of the M4 Motorway.

- Building 1 provides 27,883 sq ft of high quality office accommodation in a prominent position at the entrance of Bocam Park, directly visible from the A473 which is the main arterial road into Bridgend from Junction 35.

- Current rent of £325,868 per annum. This equates to a low £11.59 per sq ft on the office income with genuine prospects for reversions to be achieved at rent reviews and a low base supporting future rental growth.

- Fully-let to well established Tenants with a WAULT of 4.40 years to expiries and 3.63 years to break options with asset management potential to create a reversion.

- Multi-let to 4 Tenants with 84% of income secured against Government-backed entities. The remaining income is secured against a Public Limited Company with a 99% ‘Secure’ Fame rating and the undoubted covenant of the Macmillan Cancer Support Charity.

- The quoting price at a low £128 per sq ft is significantly below replacement cost levels.

- Bocam Park represents the premier, most modern office accommodation in Bridgend and the wider region. Consequentially, it is the destination of choice for occupiers.

LOCATION

Location: Unit 1, Bocam Park, Bridgend, Mid Glamorgan, CF35, Unit 1, Bridgend, CF35 5LJ

Pencoed (0.8 miles)

Bridgend (3.0 miles)

Wildmill (3.3 miles)

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