Watercombe Business Park 2 inmuebles | Oficinas en venta a 3.730.002 € en Yeovil

We are instructed to seek offers in excess of £3,250,000 reflecting a Net Initial Yield of 7.20% assuming 6.80% purchasers costs. Running Yield at 7.54% following fixed rent increases. Purchase at this level reflects a capital value of £137.74 per Sq. Ft.
The property is available on a freehold basis with the benefit of the occupational leases.
Tenancies overview:
Barrington House
GF LHS let to Symphony Healthcare Services Ltd - XLTA lease expiring 31 Oct 2033 at passing rent of £28,000 pa. Tenant break option at 01 Nov 2028, subject to a penalty.
GF RHS & 1F let to Prenax Ltd - LTA lease, expiring 31 Dec 2035 at passing rent of £66,000 pa. rising to £82,000 pax. from 15 Dec 2025. Tenant break option at 1 Jan 2030, subject to a penalty.
Piasecki House
GF & 1F let to Boeing UK Ltd - XLTA lease expiring 3 Sept 2029 at passing rent of £155,837 pa. tenant break option at 4 Sept 2027, subject to a penalty.
Description:
Barrington House & Piasecki House are detached, purpose-built office buildings, each containing accommodation over two floors. Barrington House is configured as 3 no. self-contained office suites. The ground floor is split as two suites, each with independent pedestrian entrance. The first floor comprises a single office suite which is accessed via 2 no. pedestrian entrances located at either end of the building. Each office suite contains a mix of modern fitted, open plan accommodation, with modular offices/meeting rooms and contains individual staff kitchen and WC facilities. Piasecki House is solely occupied by Boeing UK and contains office accommodation over two floors,. The offices have undergone recent internal refurbishment. The specification of the offices includes carpeted flooring, suspended ceilings with recessed lighting, perimeter cable trunking/data points, plus air-conditioning and gas fired central heating systems. Allocated parking is available within a communal courtyard, with an additional overflow parking area. Adjoining Parcel of Land approx. 0.30 acres (currently used for over-flow parking)may have development potential STPP.