Objectomschrijving
Prime town centre retail and leisure investment opportunity.
- The property is fully let to a modern Nuffield Health fitness centre with a pool, The Gig House, Giggling Squid and Energie Fitness.
- The property comprises a 170+ space multi-storey car park operated under a management agreement with NCP.
- The Seller has recently completed car park upgrade works spending over £1.7m.
- The property also includes the uppers which comprise office units let on a long lease to Wokingham Borough Council at a peppercorn rent.
- There are also 6 residential flats which are included in the ownership, these are sold off on long-leasehold.
- The service charge budget for the property is £262,123.38 per annum equating to £4.33 psf.
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Attributen
Vraagprijs
€ 8.390.000
Bezettingspercentage
100%
WAULT
11.45 jaren
Cap rate
10%
Eigendomsrecht
Leasehold
Media
Investeringskenmerken
- Wokingham is a market town and civil parish in Berkshire, 39 miles west of London, 7 miles south east of Reading, 8 miles north of Camberley and 4 miles west of Bracknell.
- Wokingham Plaza is a fully let retail quarter in the affluent county of Berkshire.
- Comprising 60,000 sq ft + of retail and leisure including use class D and E occupiers & a 170+ space multi-storey car park.
- The key tenant is Nuffield Health accounting for c. 73% of the total income.
- The property is held long leasehold from Wokingham Borough Council until 2152.
- 11.45 years WAULT to expiry.
- Annual gross rental income of £825,062 pa.
- Net operating income of £757,925 pa.
Contact adviseurs
The Plaza, Elms Road, Wokingham (0 Eigendommen)
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Laatst bijgewerkt
Jun 17, 2024
