- 43,176 sqft (4,011 sqm)
- For sale
- Offers in excess of £2,710,000
The specification includes;
- Opportunity to acquire a high yielding office investment, in a well established business park.
- Well located on the M4 corridor with excellent transport links being adjacent to the A48 and J28 of the M4 Motorway.
- Situated in the established Cleppa Park with nearby occupiers including Airbus, Lloyds Bank and Steria Ltd.
- 43,176 sq ft arranged in two office buildings.
- → Current rent of £259,570 per annum reflecting very low rent of £6.01 psf.
- Seeking offers in excess of £2,710,000 (Two Million, Seven Hundred and Ten Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.95% (assuming purchaser’s costs of 6.98%) and a low capital value of £62 psf (below replacement value).
Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.