Property Information
Address:
Holloway House, White Horse Business Park, Trowbridge, Wiltshire
, BA14 0XG
, Wiltshire
, United Kingdom
Price: Buy: POA
Size: 8032 sq ft746 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH662991
Property Ref/Agent: 20012288
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 9, 2024
Property 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 & 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.
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