First Floor, 11-12 Commercial Road

Swindon, SN1 5NF

First Floor, 11-12 Commercial Road, Swindon, Office For Sale - Front Photo.jpg
Under Offer
Property Type Office
Tenure For Sale
Size 1,131 sq ft
Price £150,000
Business Rates £5,988 per annum Small Business Rates Relief may apply
Energy Performance Rating This property has been graded as D (85)

RARE INVESTMENT OPPORTUNITY - FIRST FLOOR OFFICE SPACE

Key Points

  • 999 YEAR LONG LEASEHOLD WITH EFFECT FROM JANUARY 2007
  • CURRENT RENTAL INCOME OF £14,400 PER ANNUM
  • GOOD QUALITY ACCOMMODATION
  • CLOSE TO TOWN CENTRE
  • PROMINENT COMMERCIAL ROAD LOCATION WITH DIRECT STREET LEVEL ACCESS

Location

11/12 Commercial Road is prominently located, close to the Regent Circus end of Commercial Road and the town centre retail areas.

It is an established location for financial and professional services occupiers such as insurance brokers, estate agents and recruitment agencies.

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Description

The first floor office space has direct street level access and provides good quality accommodation incorporating a kitchen and two separate office areas. There are 2 tandem car parking spaces to the rear of the property.

Tenure

The property is held by way of a 999 Long Leasehold with effect from 26th January 2007, at a ground rent payable of £25.00 per annum.

The premises are let as a whole to Key2 Futures Limited on 5-year lease with effect from 25th October 2022, at a rent of £14,400 per annum, with annual RPI rent reviews.

There is a mutual break clause in which the Landlord or the Tenant may terminate the Lease on the 25th October 2025.

Anti-Money Laundering Regulations

A prospective purchaser will be required to provide information to satisfy these Regulations once terms have been agreed.

Viewings

Viewing and further information is strictly by prior appointment through the agent.