Interface Business Centre is an established and high quality office scheme situated within 2 miles of J16 of the M4 Motorway.
A two storey office building of 5,463 sq.ft. within a scheme of 6 similar units on the Interface Business Park.
Let jointly to Quick Move Properties Limited and Quick Move Now Limited on a 15 year lease from 22 June 2007 at a passing rent of £45,000 per annum increasing to £75,000 per annum exclusive on 22 June 2017. 5.5 years unexpired.
The two occupying companies are jointly and individually liable for the tenant’s obligations under the lease. Quick Move Now Limited is a strong covenant.
We are instructed to seek offers in the region of £937,500 exclusive which following the agreed rental uplift in June 2017 reflects a net initial yield of 7.57% after costs of 5.68 %. CV of £169 psf.
Adjoining unit 14 is currently vacant, and could also be purchased for a larger lot size.
Unit 15 Interface Business Park
Royal Wootton Bassett, SN4 8SY