Multi-let Industrial Investment
Thornhill Industrial Estate, South Marston, Swindon
52,574 sq ft
Description
- Price Offers in excess of £3,000,000
Multi let investment seeking offers in excess of £3,000,000 (Three Million Pounds) subject to contract and VAT. A purchase at this level reflects a Net Initial Yield of approximately 6.0%, with a headline reversionary yield of approximately 9.5%, assuming purchasers’ costs of 6.5%. This reflects a low capital value of just £57 per sq ft.
BUILDING HIGHLIGHTS
Gross internal floor area 52,574 sq ft on 3.85 acres
Strategic location with excellent transport links (M4, A419/A420)
Let to 3 individual tenants producing a total income of £177,000 reflecting an average rent of £3.38 psf
All leases outside the Landlord & Tenant Act 1954 (Sections 24 - 28)
The estate benefits from a mix of short and medium term tenancies, offering flexibility for asset management and potential redevelopment or re letting strategies
Specification
UNITS 6 & 7:
Two high-bay interlinked warehouses
9 m internal eaves
LED lighting
Unit 6 comprises a substantial front yard, 5 dock doors with offices
UNITS 71 A-C:
Comprise a terrace of three light industrial units dating from the 1960s
Each has 4.5 m eaves, ground level roller shutter doors, small forecourts
Unit 71A benefits from a side yard
Two high-bay interlinked warehouses
9 m internal eaves
LED lighting
Unit 6 comprises a substantial front yard, 5 dock doors with offices
UNITS 71 A-C:
Comprise a terrace of three light industrial units dating from the 1960s
Each has 4.5 m eaves, ground level roller shutter doors, small forecourts
Unit 71A benefits from a side yard