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% and an attractive reversionary yield of 15.78% after allowing for purchaser’s costs of 5.75%. This opportunity offers excellent scope for asset management to create a highly reversionary investment.”
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 July11