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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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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

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

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

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)