DFS & Sofology, Wootton Bassett Road, Swindon

1. A modern purpose-built retail warehouse located in a prominent position on Wootton Bassett Road to the west of Swindon town centre
2. The property extends to 20,799 sq ft (1,932 sq m) GIA overall, split to provide two individual retail units
3. 2.2 acres (0.9 hectares) site reflecting a site coverage of 21.5% on ground floor footprint
4. Freehold
5. Let to DFS and Sofology on a co-terminus leases, for a term of 15 years expiring on 23rd March 2040, with a break option in March 2035, subject to a break penalty equivalent to two years rent
6. An attractive long income WAULT of 14 years to lease expiry (9 years to break option)
7. Combined passing rent of £353,582 per annum equating to circa £17.00 per sq ft overall
8. Capital value of only £228 per sq ft

We are instructed to seek offers in excess of £4,740,000 (Four Million, Seven Hundred and Forty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.00% (assuming purchaser's costs of 6.58%)