Highly accessible property, extending to 11,501 sq ft on ground floor, which is prominently positioned on the A4 Bath Road,
1 mile from Junction 7 of the M4. Burnham’s CrossRail station is less than half a mile away.
Let to Halfords Limited at a newly agreed rent of £250,000 per annum, averaging £21.74 per sq ft.
WAULT to expiry 4.9 years, with the lease due to expire in December 2027.
Freehold site totalling 0.73 acres, giving a site cover of 37%.
Longer term potential for an existing Class E use, or industrial or residential redevelopment, subject to necessary planning consents.
We are instructed to seek offers in excess of £3,755,000 (Three Million, Seven Hundred and Fifty Five Thousand Pounds), subject to contract and exclusive of VAT.
This reflects an attractive net initial yield of 6.25%, assuming purchaser’s costs of 6.52%, and a price of £326 per sq ft, £5,143,835 per acre.
