Unit R Newcombe Drive Swindon Wiltshire SN2 1EA

  • Unit R<br>Newcombe Drive<br>Swindon<br>Wiltshire<br>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
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction
  • 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

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.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.09.24
    File Size
    10 MB
    Login to View
  • Brochure
    Updated Date
    30.09.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Stevens & Bolton LLP Wey House, Farnham Road
Guildford
GU1 4YD
Joanne Purnell 01483 302264joanne.purnell@stevens-bolton.com  Laura Van Eyken +44 (0)1483 406982Laura.Vaneyken@stevens-bolton.com

Useful Links

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

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