Features
- Modern two storey detached office building extending to approximately 2,686 square feet (249.46 sqm).
- Attractive landscaped setting with the benefit of 12 car parking spaces.
- Modern well-appointed accommodation providing a mix of open plan and cellular accommodation with staff and toilet facilities.
- Let to Hallmark Properties Limited (guaranteed by Capital Care Group having a CreditSafe rating of 95 (very low risk)).
- Let on a 6 year lease from November 2021 on a tenant’s full repairing and insuring basis at a current passing rent of £32,500 per annum exclusive.
- Offers in the region of £415,000 are invited for the freehold interest subject to and with the benefit of the existing tenancies.
Description
The property occupies a prominent location within the popular Shrewsbury Business Park, being situated approx. 2 miles southeast of Shrewsbury Town Centre with excellent public transport links.
Shrewsbury Business Park is the premier office location in Shrewsbury, located adjacent to the A5 trunk road, giving access to A49 and the M54 motorway. The business park has attracted a number of high profile occupiers including Handelsbanken, Brewin Dolphin, NFU Mutual and WR Partners, and offers a number of onsite facilities including Busy Bees Daycare, Greggs, Co-op and The Holiday Inn Express.
The surrounding areas of the business park are now being developed with the new additions of Hatfields Jaguar Land Rover, Shell Petrol Station and Starbucks Drive Thru. The Meole Brace Retail Park, Bannatyne’s Fitness and restaurant/conference facilities at Shrewsbury Town Football Club are within a short distance away (1 mile).
The property comprises a modern detached two storey office building extending to approximately 2,686 sqft (249.46 sqm) with generous on-site car parking facilities for 12 cars.
The offices provides high quality accommodation incorporating raised carpeted floors, suspended ceiling with inset lighting and electric panel heaters.
The accommodation is well appointed providing a mix of open plan and cellular offices arranged over 2 floors with reception area and toilet facilities on the ground floor.
The property is currently let to Hallmark Properties Limited (guaranteed by Capital Care Group Limited) for a term of 6 years from 8th November 2021 on tenant’s full repairing and insuring basis at a rent of £32,500 per annum exclusive payable quarterly in advance.
The ground floor has been sublet to Assured CMS Limited for a term of years expiring in November 2027.
Offers in the region of £415,000 are invited for the freehold interest subject to and with the benefit of the current tenancies.
A sale at this level reflects a gross yield of 7.83% before Purchaser’s normal costs.
