FOR SALE - VIRTUAL FREEHOLD HYBRID OFFICE INVESTMENT OPPORTUNITY
Location
The Shrivenham Hundred Business Park is located approximately 10 miles north east of Swindon Town Centre, being close to the villages of Shrivenham and Watchfield.
The park has prominent frontage to the A420 Oxford to Swindon Road and is adjacent to the Royal Military College of Science located at Shrivenham.
Shrivenham Hundred Business Park has continued to expand in recent years and now comprises of approximately 125,000 sq ft of modern office and production facilities.
The estate is located approximately 10 miles from J15 of the M4.
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Accommodation
An end of terrace two story hybrid office building of steel portal frame construction with brick and block elevations under a pitched plastic coated insulated steel clad roof.
The hybrid unit comprises of modern office and storage/workshop accommodation with WC and kitchenette facilities to both floors with gas central heating fitted throughout.
The property benefits from 8 car parking spaces immediately adjacent to the unit.
Terms
Tenancy Details
The property is fully let to Technology International (Europe) Limited on a 10 year full repairing and insuring lease from 25th March 2018. The current passing rent is £XXX per annum to expiry. The tenant has been in occupation since at least 2007.
Tenure
The property is held on a lease for a term of 999 years from 25th June 1987 at a ground rent of £XXX per annum.
There is a pro rata contribution to the Estate Service Charge and Buildings Insurance, albeit this is passed on to the occupational tenant.
Further information is available on request.
Proposal
Our client has instructed us to seek offers in excess of £XXX subject to contract.
A purchase at this level reflects an attractive Net Initial Return of 7.51% allowing for usual purchaser’s costs of 3.77%, and low capital value of £XXX psf.