Washington House, Swindon

The property comprises a purpose-built detached office building, constructed in 2009. The building provides three floors of modern office accommodation and is of reinforced concrete frame construction with brick and glazed elevations beneath a flat roof.

The property has been accredited with a BREEAM “very good” rating and includes the following specification: 

• Air conditioning

• Fully accessed raised floors

• Thirteen-person lift

• Full height feature glazing

• Shower facilities

• Mature landscaped surrounds

• 87 dedicated car parking spaces providing a generous ratio of 1:309 sq ft

• Situated within Swindon’s prime out of town business park 
• Detached modern building totalling 26,869 sq ft (2,496.09 sq m) NIA
• 87 car parking spaces (1:309 sq ft) 
• Freehold
• Let on a 15-year lease with an unexpired term of 6.45 years until expiry
• Undoubted covenant of Openwork Holdings Limited (D&B rating 5A1)
• Rent of £469,927.50 per annum reflecting only £17.48 per sq ft overall
• Seeking offers in excess of £5,000,000 (Five Million Pounds) reflecting a Net Initial Yield of 8.82% assuming purchasers’ costs of 6.59%
• Low capital value of only £186 per sq ft