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Swift Way 7,773 SF Retail Building Melksham SN12 6GX $1,354,738 ($174.29/SF) 6.24% Cap Rate
Investment Highlights
- Freehold industrial investment in Melksham's principal employment area
- Secure income with an unexpired lease term to October 2035, with tenant break and rent review in October 2030
- Specialist operational facility incorporating vehicle maintenance, inspection and testing infrastructure
- Let to an established public sector occupier with over 15 years of continuous occupation
- Passing rent of £66,000 per annum reflecting £8.49 psf
- Strong occupational market fundamentals with limited supply and rental growth prospects in the wider Wiltshire industrial market
Executive Summary
The freehold of this investment opportunity is available for the guide price of £1 million, providing a yield of 6.24%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Repair
Building Size
7,773 SF
Building Class
B
Year Built
2010
Price
$1,354,738
Price Per SF
$174.29
Cap Rate
6.24%
NOI
$84,536
Tenancy
Single
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.76 AC
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Nearby Major Retailers
1 of 5
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Presented by
Swift Way
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