County Gate County Way 14,692 SF 100% Leased Office Building Trowbridge BA14 7FJ $2,862,439 ($194.83/SF) 7.43% Cap Rate



INVESTMENT HIGHLIGHTS
- Ground & First Floor: awaiting assessment. Second Floor: B (33) Third Floor: awaiting assessment.
EXECUTIVE SUMMARY
Modern Multi-Let Office Investment Opportunity INVESTMENT SUMMARY: - Landmark Building situated in a prominent location on edge of town centre location. - Modern four storey office building providing a total NIA of 14,644 sq ft with on site parking for 35 cars - Freehold - Full let to three tenants; BSquare EMEA Ltd, Monahans LLP and Atkins Ltd - Currently producing £141,125 per annum rising to £166,750 pa from Dec 2023 (£11.28 per sq ft average) - We are instructed to seek offers in excess of £2,100,000 reflecting an attractive net initial yield of 7.43% assuming purchasers' costs of 6.30%. - WAULT till lease expiry 7.70 years; till break 3.17 years - A purchase at this level reflects a low capital value of £136.20 per sq ft DESCRIPTION: County Gate is a striking four storey building, constructed of brick and glazed elevations under a pitched roof. Constructed in 2005 to a high specification and includes: - Passenger (8 person) lift - Ladies and gents WC's on each floor - Full height glazed entrance foyer - Air conditioning - Fully accessible raised floors - Suspended ceilings
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
14,692 SF
Building Class
B
Year Built
2009
Price
$2,862,439
Price Per SF
$194.83
Cap Rate
7.43%
NOI
$212,679
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,673 SF
Building FAR
1.35
Lot Size
0.25 AC
Parking
35 Spaces (2.38 Spaces per 1,000 SF Leased)
AMENITIES
- Raised Floor
- Air Conditioning
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