Wynford House , Houndstone Business Park, Yeovil, BA22 8HR

Summary

Modern Office Investment Opportunity

Investment Summary

• Situated directly off Lufton Way, between Lufton Trading Estate and Houndstone Business Park.
• Modern detached building extending to 28,637 sq ft (2,660.82 sq m) over ground and first floors.
• Let to NHS Property Services Limited for a term of 22 years from 6 December 2004, with 9.5 years remaining.
• NHS offers a 5A1 covenant, effectively government income.
• Passing rent of £431,923 (£14.31 per sq ft).
• Very low site coverage of 15% providing future development potential, subject to statutory consent.
• We are instructed to seek offers in excess of £5,600,000 reflecting an attractive net initial yield of 7.23% assuming normal purchasers costs of 6.61%.

The property is situated directly off Lufton Way, sits in between Lufton Trading Estate and Houndstone Business Park and adjacent to Yeovil Football Club Stadium. The surrounding occupiers comprises a mixture of retail, industrial and leisure uses.

Occupiers include Screwfix HQ, CRS Building Supplies, Howards Car Centre, Kuehne & Nagel, Honeywell, Enterprise rent  car, Ford. The property is approximately 1.5 miles from the town centre.

Tenure

VAT

Initial Yield