Neath
Rare opportunity to acquire a single let, HQ office let to Welsh Government Sponsored Body, Natural Resources Wales.
NRW LLandarcy
- Well specified office building comprising 15,468 sq ft.
- The current passing rent is £172,931 which equates to £11.17 psf
- Fully let to Natural Resources Wales on a 10 year FRI lease from 28th November 2019 expiring 27th November 2029
- The building boasts strong environmental credentials, being rated EPC B (39).
- ESG credentials include solar panels and a rain water harvesting system.
- National Resources Wales have been in occupation since 2003, regearing their lease in 2019 for a further 10 years.
- We are instructed to seeks offers in excess of £1,400,000, subject to contract and exclusive of VAT, reflecting an attractive Net Initial Yield of 11.5% and a low capital value of £91 psf, assuming purchasers costs of 6.23%.