1/2 Regent Street Swindon Wiltshire SN1 1JQ

1/2 Regent Street
Swindon
Wiltshire
SN1 1JQ

Freehold Retail Investment

Entirely let to The Works Stores Limited until 2022 subject to option (see note 2)
Prime town centre location
Nearby occupiers include The Disney Store, Marks & Spencer, Primark, TopShop and NatWest
Six Week Completion

Lot
14
Auction
13th February 2014
Rent
£64,000 per Annum Exclusive
Status
Sold
Price
£700,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

Interested?

Expand
Photos
Map

Freehold Retail Investment

Entirely let to The Works Stores Limited until 2022 subject to option (see note 2)
Prime town centre location
Nearby occupiers include The Disney Store, Marks & Spencer, Primark, TopShop and NatWest
Six Week Completion

Lot 14
Auction 13th February 2014
Rent £64,000 per Annum Exclusive
Status Sold
Price £700,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

Property Information

Location

Miles: 33 miles north-east of Bath, 40 miles east of Bristol
Roads: A419, A420, M4 (Junction 16)
Rail: Swindon (Wilts); approximately 1 hour to London Paddington, 45 mins to Bristol Temple Meads
Air: Bristol Airport

Situation

The property is prominently situated within Swindon town centre on the northern side of the pedestrianised Regent Street, one of the town’s prime retailing thoroughfares, at its junction with Canal Walk, Bridge Street and The Parade. Nearby occupiers include The Disney Store, Marks & Spencer, Primark, TopShop and NatWest.

Tenure

Freehold.

Location

Miles: 33 miles north-east of Bath, 40 miles east of Bristol
Roads: A419, A420, M4 (Junction 16)
Rail: Swindon (Wilts); approximately 1 hour to London Paddington, 45 mins to Bristol Temple Meads
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with additional retail and ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with additional retail and ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Retail Retail/Ancillary	136.38 sq m 135.92 sq m	(1,468 sq ft) (1,463 sq ft)	THE WORKS STORES LIMITED (1)	10 years from 07/09/2012 until 06/09/2022 on a full repairing and insuring lease (2) (3)	£64,000	07/09/2017
Totals		272.30 sq m	(2,931 sq ft)			£64,000

(1) For the year ending 28th April 2013, The Works Stores Limited reported a turnover of £122,781,000, pre-tax profits of £2,669,000 and a total net worth of £5,729,000. (Source: www.riskdisk.com 16/01/2014)
(2)The lease provides an option to determine the lease on the third and sixth anniversary of the term.
(3)The lease is subject to a schedule of condition.