Back
to Property Search
Station Square
TENURE
For Sale
SIZE
47,098 sq ft
GUIDE £
Offers in excess of £5,000,000
- Purpose-built town centre office building situated in a prominent location, opposite Swindon Railway Station
- 47,098 sq ft (NIA) arranged over five floors
- Freehold
- The property is let to 4 tenants with an attractive WAULT of 5.23 years to expiry, 1.91 years to break at a low passing rent of £19.93 per sq ft
- 100% of the income secured against companies with ‘Very Low Risk’ of business failure
- 19,905 sq ft (42%) currently vacant and available to let providing immediate asset management upside
- We are instructed to seek offers in excess of £5,000,000, subject to contract and exclusive of VAT
- A purchase at this level reflects a net initial yield of 10.20%, a potential reversionary yield of 19.44% and a capital value of £106 per sq ft, assuming purchasers’ costs of 6.59%
Station Square, One Gloucester Street, Swindon, SN1 1GW
Contact
[TEAM]