Rowan House, Kembrey Park, Swindon
Smethurst Property Consultants identified the opportunity and secured the investment despite a competitive bidding situation. The building was let in its entirety to Smiths News.
The guide price was £3.9m which represented a NIY of 9.0%.
The investment was successfully acquired below the asking price which reiterates the importance of having local representation in regional markets.
The Property comprises a self-contained headquarters office building over ground and first floor.
The property provides 140 car parking spaces in a dedicated car park offering an excellent ratio of 1:199 sq ft.
The building was comprehensively refurbished in 2012.