Modern Multi-Let Office Investment Opportunity
INVESTMENT SUMMARY:
- Landmark Building situated in a prominent location on edge of town centre location.
- Modern four storey office building providing a total NIA of 14,644 sq ft with on site parking for 35 cars
- Freehold
- Full let to three tenants; BSquare EMEA Ltd, Monahans LLP and Atkins Ltd
- Currently producing £141,125 per annum rising to £166,750 pa from Dec 2023 (£11.28 per sq ft average)
- We are instructed to seek offers in excess of £2,100,000 reflecting an attractive net initial yield of 7.43% assuming purchasers' costs of 6.30%.
- WAULT till lease expiry 7.70 years; till break 3.17 years
- A purchase at this level reflects a low capital value of £136.20 per sq ft
DESCRIPTION:
County Gate is a striking four storey building, constructed of brick and glazed elevations under a pitched roof. Constructed in 2005 to a high specification and includes:
- Passenger (8 person) lift
- Ladies and gents WC's on each floor
- Full height glazed entrance foyer
- Air conditioning
- Fully accessible raised floors
- Suspended ceilings
Trowbridge is the county town of Wiltshire and is located approximately 13 miles south-east of Bath, 40 miles south-west of Swindon and 33 miles north-east of Salisbury. The town has direct access tot he A350 which in turn links with Junction 17 of the M4 approximately 20 miles to the north.
Neighbouring towns of Frome, Chippenham and the city of Bath are all within a 20-minute drive of Trowbridge with Bristol and Swindon accessible in under an hour.
SITUATION:
The property is situated in a prominent location on County Way / Longbridge Roundabout junction being south of Trowbridge town centre but within easy walking distance of the town centre amenities, to include St Stephens Place and the Shires Shopping Centre; County Hall and Trowbridge Railway Station. ( Agency Pilot Software ref: 20012958 )
