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Swift Way 7,773 sq ft Retail Property Melksham SN12 6GX £1,000,000 (£128.65/sq ft) 6.24% Net Initial Yield
Investment Highlights
- Freehold industrial investment in Melksham's principal employment area
- Secure income with an unexpired lease term to October 2035, with tenant break and rent review in October 2030
- Specialist operational facility incorporating vehicle maintenance, inspection and testing infrastructure
- Let to an established public sector occupier with over 15 years of continuous occupation
- Passing rent of £66,000 per annum reflecting £8.49 psf
- Strong occupational market fundamentals with limited supply and rental growth prospects in the wider Wiltshire industrial market
Executive Summary
The freehold of this investment opportunity is available for the guide price of £1 million, providing a yield of 6.24%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Vehicle Repair Garage
Property Size
7,773 sq ft
Costar Property Class
B
Year Built
2010
Price
£1,000,000
Price per sq ft
£128.65
Yield
6.24%
NOI
£62,400
Tenancy
Single
Number of Floors
2
Plot ratio
0.23
Total Plot Size
0.76 ac
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Nearby Major Retailers
1 of 5
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Presented by
Swift Way
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