JOINT agents, Shepherd Chartered Surveyors and Whyte & Barrie, are offering Hamish House in Wishaw for sale as an office investment for £625,000.
Located at 94 Main Street, in the heart of the commercial and retail centre of Wishaw, Hamish House offers fully refurbished modern office accommodation with AAA-rated financial covenants with substantial capital allowances associated with the building that may be available to any incoming purchaser.
The premises are currently part let to Co-operative Insurance Society and to Provident Financial Plc– both AAA-rated financial covenants – with a total passing rent of £61,642 and a total estimated rental value of £104,266.
Jamie Savage, commercial surveyor at Shepherd, said: “Offers over £625,000 are invited for the heritable interest in the property.
“A purchase at this level would represent an initial yield of 9.33 per cent and an attractive reversionary yield of 15.78 per cent after allowing for purchaser’s costs of 5.75 per cent.
“This opportunity offers excellent scope for asset management to create a highly reversionary investment.”
ENDS
For further information please contact Jamie Savage at Shepherd tel 0141 331 2807 or Scott Cameron at Whyte & Barrie tel 01698 891400
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date 15th July ’11.
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