Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is located on Commercial Road in Swindon, a main retail thoroughfare in the town centre and Swindon Railway Station is a short distance away. The Brunel Centre, which comprises over 100 occupiers anchored by Sainsburys, House of Fraser and Marks & Spencer, is within a 2 minute walk from the property.
Freehold.
The property is located on Commercial Road in Swindon, a main retail thoroughfare in the town centre and Swindon Railway Station is a short distance away. The Brunel Centre, which comprises over 100 occupiers anchored by Sainsburys, House of Fraser and Marks & Spencer, is within a 2 minute walk from the property.
Freehold.
The property comprises a double fronted ground floor retail unit and a further 3 floors of residential accommodation above, comprising 9 studio, 4 one-bed and 2 two-bed flats accessed through a selfcontained lobby. The property has rear access, a lift and two parking spaces.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a double fronted ground floor retail unit and a further 3 floors of residential accommodation above, comprising 9 studio, 4 one-bed and 2 two-bed flats accessed through a selfcontained lobby. The property has rear access, a lift and two parking spaces.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground |
Retail |
196.95 sq m |
(2,120 sq ft) |
BLUE ARROW LTD |
20 year lease from 27/09/2007 |
£38,000 | 29/09/2012 and 29/09/2017 (2) |
| First, Second, Third |
15 Residential units |
INDIVIDUALS |
Let on Assured Shorthold Tenancies (3) |
£67,740 | |||
| Totals | 196.95 sq m |
(2,120 sq ft) |
£105,740 | ||||
(1) For the year ending 30th December 2011 Blue Arrow Ltd reported a turnover of £358,448,000 a pre-tax profit of £11,434,000 and a total net worth of £22,270,000. (Source: www.riskdisk.com 15/06/2012)
(2)The lease provides for a tenants option to determine on 29th September 2012. The tenant has operated the break option.
(3)A schedule of individual residential tenancies is available upon request.
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