Office

Washington House, Swindon

Lydiard Fields Great Western Way, Swindon, Wiltshire, SN5 8UB, UK

Washington House, Swindon_Property for Sale

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Washington House, Swindon 2_Property for Sale

Asset description

The property comprises a purpose-built detached office building, constructed in 2009. The building provides three floors of modern office accommodation and is of reinforced concrete frame construction with brick and glazed elevations beneath a flat roof.


The property has been accredited with a BREEAM “very good” rating and includes the following specification: 


• Air conditioning

• Fully accessed raised floors

• Thirteen-person lift

• Full height feature glazing

• Shower facilities

• Mature landscaped surrounds

• 87 dedicated car parking spaces providing a generous ratio of 1:309 sq ft

Attributes

Asking Price
$6,117,000
Building area Net
26,869 sf
Occupancy
100.00%
Year built
2009
Property Reference Number
10070784631

Investment highlights

  • Situated within Swindon’s prime out of town business park 
  • Detached modern building totalling 26,869 sq ft (2,496.09 sq m) NIA
  • 87 car parking spaces (1:309 sq ft) 
  • Freehold
  • Let on a 15-year lease with an unexpired term of 6.45 years until expiry
  • Undoubted covenant of Openwork Holdings Limited (D&B rating 5A1)
  • Rent of £469,927.50 per annum reflecting only £17.48 per sq ft overall
  • Seeking offers in excess of £5,000,000 (Five Million Pounds) reflecting a Net Initial Yield of 8.82% assuming purchasers’ costs of 6.59%
  • Low capital value of only £186 per sq ft 
Washington House, Swindon 4_Property for Sale
Washington House, Swindon 4_Property for Sale

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Last updated
Nov 30, 2022