FOR SALE
39/40 Regent Circus, Swindon, SN1 1PX , Swindon
Freehold mixed use investment with A3 potential, on-site parking and suitable for owner occupation / letting of ground floor plus residential conversion of first floor.
2,625 sq ft (244 sq m) + 2 flats
Description/Location A four storey modern commercial property with retail (potentially A3 use *) on ground floor/basement, office use (with scope for residential conversion **) on first floor and residential (2 flats) on second floor, located in Swindon Town Centre opposite the Town Hall, adjacent to Subway/Virgin Money and close to the recently opened REGENT CIRCUS Leisure Centre.
Accommodation
Ground Floor 1,362 sq ft (presently divided into 2 retail units – see layout plan attached)
Basement 164 sq ft + (2 x WC’s)
First Floor 1,100 sq ft approx. offices
Second Floor 1 No: two bed and 1 No: one Bed flat
Outside Parking for 3 cars
EPCs’ Band E & above.
Lease Schedule Ground Floor/Basement Let to Cats Protection Trustees Ltd on a “Business Rates” only basis, subject to a rolling mutual break optionon a minimum 6 weeks’ notice. First Floor: Let to DH Oxford/Swindon Ltd, trading as Driver Hire, on a lease expiring 6
th November 2017 at
a rent of £6,500 per annum. Second Floor: Let on 2 No: Assured Shorthold Tenancies at a gross rent of £12,000 per annum.
Planning *Planning consent (ref S/12/1360) was granted on 8
th November 2012 [but now expired] for change of use of the ground
floor and basement to Use Class A3 (Restaurant/Café). **By virtue of the Town and Country Planning (General Permitted Development) (England) Order 2015 Class G, it is believed that the first floor could be converted to 2 flats, without planning consent, but subject to various conditions.
Tenure Freehold with potential vacant possession of the ground floor, subject to notice.
Price
£425,000 – no VAT applicable.
Viewing and Further Information Strictly by appointment only with the joint sole agents Philips Loveday 01793 423344 [email protected] or Andy Smallman Macarthur Wilson 0117 908 3350 [email protected] Sat Nav SN1 1PX November 2016
