ADDRESSHolloway House, Epsom Square, White Horse Business Park, Trowbridge, Wiltshire
TYPEOther, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON27th November 2024
Description
High Yielding Multi Let Office Investment Opportunity.
Summary: - Situated on White Horse Business Park, West Wiltshire's premier business park. - Modern two storey office building providing a total NIA of 8,032 Sq Ft. - Held long leasehold on a 999-year lease at a peppercorn from 24th June 2001. - Fully let to three tenants; Wiltshire Friendly; Acheson and Acheson; Medvivo. - Currently producing £80,320 per annum (£10 per Sq Ft). - We are instructed to seek offers in excess of £900,000 reflecting an attractive net initial yield of 8.45% assuming purchasers' costs of 5.63%. - A purchase at this level reflects a low capital value of £112.05 per Sq Ft.
Holloway House is a two storey, self-contained office building of traditional steel portal frame construction with profile steel elevations under a pitched profile metal sheet roof. Constructed in the 1990s to a high specification and includes:
- Full height glazed entrance foyer - Four person passenger lift - Air conditioning - Fully accessible raised floors - WCs on each floor - Attractive parkland setting with well-maintained landscaped areas
The property includes 38 car spaces providing an excellent parking ratio of 1:211 Sq Ft. ( Agency Pilot Software ref: 20012288 )