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 & 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.
The property has an assessment of C - 66.
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 to the 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 30 minute drive of Trowbridge with Bristol and Swindon accessible in under an hour.