Avison Young & JLL, on behalf of a private client, advised on the sale of Mulberry Building, Kembrey Park, Swindon, SN2 8UY. The UK Ltd SPV holding the property was acquired by a private investor for £3.25 million.
Mulberry Building comprises 22,571 sq ft (2,097 sq m) of fully let self-contained office space, split across two floors. The ground floor is let to Sirva Relocation (No 1) Ltd and the first floor is let to Honda Trading Europe Ltd, providing an AWULT of 5.25 years and total rental income of £300,985 per annum.
The purchaser was advised by Inglis Howie.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 82 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
