Mulberry Building, Kembrey Park, Swindon

For sale £3,140,000 22,571 sq ft ~Space for 209 people (est)
3 days ago. Avison Young
Full address
Mulberry Building, Kembrey Park, Swindon - Swindon
Contact details
Asking price
£3,140,000
Property type
Office for sale
Features
Air conditioning, Business park, Cafe, Car park, Courtyard, Lift, Modern, Raised floor, Refurbished, Restaurant, Security, Surveillance, Train transport, Transport
Size
22,571 sq ft
Estimated space
209 people
This value is estimated based on allocating 108 sq ft per person for office space
Tenure
Freehold
NIY (%)
9.0

□ California
Mulberry Building comprises a self-contained two-storey office building of steel portal frame construction with a mixture of glass and smooth aluminium panelling to the elevations. The building was refurbished in 2012 and the internal specification includes: Full air conditioning Full access raised floors 8 person passenger lift Fully landscaped central courtyard The property benefits from 91 car parking spaces, providing an excellent ratio of 1:248 sq ft. The landlord has recently undertaken a further refurbishment programme that includes new WC's on both floors, new lighting to the first floor and a new roof covering.
• High quality well secured office investment
• Established office location on Kembrey Park, to the north of Swindon
• Two story self-contained HQ office building totalling 22,571 sq ft.
• Let to two good covenants with AWULT of 5.25 years
• Rental income of £300,985 per annum, which equates to a low rental base of just £13.34 per sq ft providing excellent prospects for rental growth
• Low capital value of £139 per sq ft overall
• The asset is held in a clean UK Ltd SPV which can be acquired
Swindon is the principal town and the main commercial centre fo r Wiltshire. The town lies approximately 40 miles east of Bristo l, 80 miles west of London, 47 miles west of Reading and 30 miles sou th west of Oxford. The town has good road communications being located adjacent to the M4 motorway (Junctions 15 and 16) which provides access to the M25 motorway and London to the east, and Bristol, the M5 motorway a nd South Wales to the west. The A417/419 dual carriageway links the M4 (Junction 15) to the M5 at Gloucester to the north. Rail services from Swindon provide access to London, Wales and the South West with journey times of approximately 56 minutes to London Paddington, 1 hour 30 minutes to Cardiff and 40 minutes to Bristol. The nearest airports are Bristol, 49 miles to the south west and Heathrow 68 miles to the east. Swindon has attracted some high profile occupiers including Nationwide Building Society, Zurich Insurance, British Telecom, Honda, The National Trust and Nokia who have been attracted by the excellent communication links, affordable accommodation and strong employment pool.

This office for sale is located in Swindon

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National rail 1.8m Swindon
Nearest airport 69.3m Bristol

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