Unit R Newcombe Drive Swindon Wiltshire SN2 1EA

Unit R
Newcombe Drive
Swindon
Wiltshire
SN2 1EA

Freehold Ground Rent Investment

Let to Huw Grays Limited until December 2116 (No Breaks)
Providing 92 years unexpired to lease expiry
5 yearly rent reviews to 15% of Open Market Rental Value
Site Area of approx. 0.53 Ha (1.32 Acres)
Situated in the well established Hawksworth Trading Estate
Busy Industrial Location

Lot
4
Auction
25th September 2024
Rent
£26,000 per Annum Exclusive
Status
Sold
Price
£575,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Freehold Ground Rent Investment

Let to Huw Grays Limited until December 2116 (No Breaks)
Providing 92 years unexpired to lease expiry
5 yearly rent reviews to 15% of Open Market Rental Value
Site Area of approx. 0.53 Ha (1.32 Acres)
Situated in the well established Hawksworth Trading Estate
Busy Industrial Location

Lot 4
Auction 25th September 2024
Rent £26,000 per Annum Exclusive
Status Sold
Price £575,000
Sector
Ground Rent
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles south of Cirencester, 39 miles east of Bristol
Roads: A3102, M4
Rail: Swindon Railway Station
Air: Bristol Airport

Situation

The property is located in the well established Hawksworth Trading Estate, conveniently positioned adjacent to the Great Western Way (B4289) and some 700 metres north west of Swindon Railway Station. Nearby occupiers on The Hawksworth Trading Estate include Brewers, TPS Auto Parts, Smart Car UK and Skoda Parts Direct.

Tenure

Freehold.

Location

Miles: 15 miles south of Cirencester, 39 miles east of Bristol
Roads: A3102, M4
Rail: Swindon Railway Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a site of 0.53 Ha (1.32 Acres) upon which sits a trade counter/ warehouse with yard area.

VAT

VAT is applicable to this lot.

Description

The property comprises a site of 0.53 Ha (1.32 Acres) upon which sits a trade counter/ warehouse with yard area.

VAT

VAT is applicable to this lot.

Tenancy & Accommodation

Site Area Approx. Ha	Site Area Approx. (Acres)	Tenant	Term	Rent p.a.x.	Review	Reversion
0.53	(1.32)	HUW GRAYS LIMITED	125 years from 01/01/1992	£26,000	01/01/2027 and 5 yearly thereafter (1)	31/12/20116

(1) The 5 yearly rent reviews are geared to 15% of Open Market Rental Value.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.