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Tremains Business Park, Tremains Road, Bridgend, CF31 1TZ
not specified / Offices
Withdrawn - Last updated: 05 October 2020
• Well located in close proximity to the town centre and railway station
• Two modern office buildings totalling 2,524.02 sq m (26,460 sq ft) NIA
• Freehold
• Let on three separate FRI leases and producing a current rental income of £239,736 per annum exclusive
• Rebased rental level of only circa £9/sq ft overall
• 50% of the income secured to Valleys 2 Coast Housing Association for a further 10 years
• Quoting price of £2.2million, reflecting a net initial yield of 10.3% after normal costs at 5.8%
• The purchase level reflects a low capital value of only £83/sq ft overall
Location
Tremains Business Park, Tremains Road, Bridgend , CF31 1TZ, Bridgend, Wales
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