Upton Lodge, 2A Yew Tree Road, Slough
27,600 sq ft
Description
- Price Offers in excess of £3,250,000
A prominent self-contained Job Centre in Slough Town Centre.
Two interconnected office buildings comprising a three-storey building fronting the High Street of 11,808 sq ft and a seven storey office building fronting Yew Tree Road of 15,792 sq ft.
Total net floor area of 27,600 sq ft.
48 car parking spaces.
Entirely let to the undoubted covenant of Secretary of State for Housing, Communities and Local Government.
The unexpired term provides approximately 4 years term certain, the tenant has not exercised their break option in 2023 demonstrating commitment to the building.
Passing rent of £347,200 per annum equating a very low £12.58 per sq ft, subject to an upward only rent review in 2023 (Outstanding).
Site area of approximately 0.2 hectares (0.48 acres).
Freehold.
Potential alternative uses (subject to planning).
We are instructed to seek offers in excess of £3,250,000 (Three Million Two Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive Net Initial Yield of 10.00%, a very low capital value of £117 per sq ft after purchaser's costs of 6.80%.
Two interconnected office buildings comprising a three-storey building fronting the High Street of 11,808 sq ft and a seven storey office building fronting Yew Tree Road of 15,792 sq ft.
Total net floor area of 27,600 sq ft.
48 car parking spaces.
Entirely let to the undoubted covenant of Secretary of State for Housing, Communities and Local Government.
The unexpired term provides approximately 4 years term certain, the tenant has not exercised their break option in 2023 demonstrating commitment to the building.
Passing rent of £347,200 per annum equating a very low £12.58 per sq ft, subject to an upward only rent review in 2023 (Outstanding).
Site area of approximately 0.2 hectares (0.48 acres).
Freehold.
Potential alternative uses (subject to planning).
We are instructed to seek offers in excess of £3,250,000 (Three Million Two Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive Net Initial Yield of 10.00%, a very low capital value of £117 per sq ft after purchaser's costs of 6.80%.
BUILDING HIGHLIGHTS
Government Let Investment Opportunity
