Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Property Reference Number 10070784631
Year Built 2009
Building Area Net
Occupancy 100.0 %

Property description

The property comprises a purpose-built detached office building, constructed in 2009. The building provides three floors of modern office accommodation and is of reinforced concrete frame construction with brick and glazed elevations beneath a flat roof.


The property has been accredited with a BREEAM “very good” rating and includes the following specification: 


• Air conditioning

• Fully accessed raised floors

• Thirteen-person lift

• Full height feature glazing

• Shower facilities

• Mature landscaped surrounds

• 87 dedicated car parking spaces providing a generous ratio of 1:309 sq ft

Investment highlights

  • Situated within Swindon’s prime out of town business park 
  • Detached modern building totalling 26,869 sq ft (2,496.09 sq m) NIA
  • 87 car parking spaces (1:309 sq ft) 
  • Freehold
  • Let on a 15-year lease with an unexpired term of 6.45 years until expiry
  • Undoubted covenant of Openwork Holdings Limited (D&B rating 5A1)
  • Rent of £469,927.50 per annum reflecting only £17.48 per sq ft overall
  • Seeking offers in excess of £5,000,000 (Five Million Pounds) reflecting a Net Initial Yield of 8.82% assuming purchasers’ costs of 6.59%
  • Low capital value of only £186 per sq ft
Last Updated Date: 23 Jun 2022

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Last Updated Date: 23 Jun 2022

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