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Westmead Dr 45,143 SF 100% Leased Flex Building Swindon SN5 7AD $6,896,765 CAD ($152.78 CAD/SF) 8% Cap Rate
Investment Highlights
- Centrally positioned on the M4 corridor
- Strategically located between Bristol (30 miles West) and London (80 miles East)
Executive Summary
offers in excess of £3,810,000 (Three Million Eight Hundred and Ten Thousand Pounds) subject to contract and exclusive of VAT (assuming purchasers’ costs of 6.52%) A purchase at this level reflects an attractive Net Initial Yield of 8.00%, and a low capital value of £84 per sq ft.
Single let to Metric Group Limited for a term of 10 years from 1st November 2024, with a tenant only break option in year 5, at £325,000 per annum, reflecting a low rate of £7.20 per sq ft. Metric Group have been occupying the premises since 2005.
Single let to Metric Group Limited for a term of 10 years from 1st November 2024, with a tenant only break option in year 5, at £325,000 per annum, reflecting a low rate of £7.20 per sq ft. Metric Group have been occupying the premises since 2005.
Property Facts Sale Pending
| Price | $6,896,765 CAD | Building Class | C |
| Price Per SF | $152.78 CAD | Lot Size | 2.94 AC |
| Sale Type | Investment | Rentable Building Area | 45,143 SF |
| Cap Rate | 8% | No. Stories | 2 |
| Tenure | Freehold | Year Built | 1986 |
| Property Type | Flex | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Price | $6,896,765 CAD |
| Price Per SF | $152.78 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 2.94 AC |
| Rentable Building Area | 45,143 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.26/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
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