Cavendish Square Whitbourne Avenue Swindon SN3 2LZ

Cavendish Square
Whitbourne Avenue
Swindon
SN3 2LZ

Freehold Retail Parade Investment

  • Ten Units Let to Tenants including Barnardos, Papa Johns and William Hill
  • Busy Residential Area some 2 miles from Swindon Town Centre
  • Benefits from Large Yard to Rear
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    11
  • Auction
    7th July 2016
  • Rent
    £158,060 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Parade Investment

  • Ten Units Let to Tenants including Barnardos, Papa Johns and William Hill
  • Busy Residential Area some 2 miles from Swindon Town Centre
  • Benefits from Large Yard to Rear
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 11
  • Auction 7th July 2016
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
34 miles north-east of Bath, 40 miles east of Bristol
Roads
A419, A420, M4 (Junction 15)
Rail
Swindon (Wilts); approximately 1 hour to London Paddington, 45 mins to Bristol Temple Meads
Air
Bristol Airport
Situation

Walcot is a predominantly residential suburb, some 2 miles from Swindon town centre. The property is located on the southern side of Whitbourne Avenue which links with Queens Drive (A4259) to the west. Nearby occupiers include Cooperative Supermarket and Lloyds Pharmacy.

Tenure

Freehold.

Location
Miles
34 miles north-east of Bath, 40 miles east of Bristol
Roads
A419, A420, M4 (Junction 15)
Rail
Swindon (Wilts); approximately 1 hour to London Paddington, 45 mins to Bristol Temple Meads
Air
Bristol Airport
Situation

Walcot is a predominantly residential suburb, some 2 miles from Swindon town centre. The property is located on the southern side of Whitbourne Avenue which links with Queens Drive (A4259) to the west. Nearby occupiers include Cooperative Supermarket and Lloyds Pharmacy.

Tenure

Freehold.

Description

The property comprises an L shaped building providing ten retail units. A yard to the rear is used for servicing access and parking. There is a large car park adjacent to the property, not included within the demise for sale

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an L shaped building providing ten retail units. A yard to the rear is used for servicing access and parking. There is a large car park adjacent to the property, not included within the demise for sale

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
2 Ground
163.14 sq m
(1,756 sq ft)
BARNARDO’S (1) 9 years 6 months from 11/01/2015 (2) £25,000 (10/07/2024)
3 Ground
152.36 sq m
(1,640 sq ft)
INDIVIDUAL
(t/a Post Office)
Approx. 13 years 6 months
from 01/04/2014 until 28/09/2027 (3)
£18,000 01/04/2019
(28/09/2027)
4 Ground
68.00 sq m
(732 sq ft)
HAIRCARE
(SWINDON) LIMITED
17 years from 29/09/2010 until
28/09/2027
£10,000 29/09/2017
(28/09/2027)
5 Ground
109.44 sq m
(1,178 sq ft)
INDIVIDUAL 17 years from 29/09/2010 until
28/09/2027 (2)
£15,000 29/09/2017
(28/09/2027)
6 Ground
147.71 sq m
(1,590 sq ft)
WILLIAM HILL ORGANIZATION
LIMITED (4)
Approx 17 years from
29/09/2010 until 16/08/2027 (3)
£25,560 17/07/2017
(16/08/2027)
7 Ground
85.38 sq m
(919 sq ft)
INDIVIDUALS (t/a Premier
Convenience Store)
Approx 7 years from 29/09/2010 £12,000 (11/10/2017)
8 Ground
91.88 sq m
(989 sq ft)
INDIVIDUAL
(t/a Fish Chips & Chinese)
Approx 17 years from
29/09/2010 until 11/10/2027 (3)
£13,500 12/10/2017
(11/10/2027)
9 Ground
87.05 sq m
(937 sq ft)
INDIVIDUAL
(t/a Zeera Indian)
Approx 17 years from
29/09/2010 until 11/10/2027 (3)
£15,000 (11/10/2027)
10 Ground
84.54 sq m
(910 sq ft)
PAPA JOHN’S (GB) LIMITED (5) Approx 12 years 2 months from
29/09/2010 until 24/12/2022 (3)
£15,000 25/12/2017
11 Ground
65.03 sq m
(700 sq ft)
INDIVIDUAL
(t/a Cavendish Grocery Store)
Approx 17 years 6 months from
29/09/2010 until 19/03/2028
£9,000 20/03/2018
Total  
1,054.53 sq m
(11,351 sq ft)
    £158,060

(1) Barnardos is the UK’s leading children’s charity with 640 charity shops across the UK (www.barnardos.org.uk 09/06/2016)
(2) The leases provides an option to determine varying from July 2019 to September 2019. Please refer to the legal pack for the exact date.
(3) The leases provides an option to determine varying from July 2017 to December 2017. Please refer to the legal pack for the exact date.
(4) Founded in 1934, William Hill is the UKs largest land-based bookmaker and employs over 16,000 people in nine countries (www.williamhillplc.com)
(5) The property has been sublet and is trading as MJ Kebab & Pizza Takeaway. For the year ending 28th December 2014, Papa John’s (GB) Limited reported a turnover of £38,323,000, pre-tax profits of £2,315,000 and a total net worth of £4,453,000 (Source: Experian Group 09/06/2016)

Property Documents

  • Site Plan
    Updated Date
    15.06.16
    File Size
    58 KB
    View PDF
  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    942 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
029 2046 4347
David Farmer 029 2047 7887davidfarmer@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now