Office for sale in Minton Place, Station Road, Swindon SN1

Offers over £3,282,085 (£112.1/sq. ft)
Interested in this property? Call +44 117 444 9907 * or Request Details

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Office for sale

29,278 sq. ft*

Property description

Key Points

  • Located on a prominent corner plot, opposite Swindon Railway Station and adjacent to the new bus boulevard, part of the council’s £33m investment into the redevelopment of Fleming Way.
  • The property extends to 29,278 sq ft, arranged over 5 floors
  • Let to 8 tenants with a total passing rent of £384,422 pa reflecting a low average rent of £13.06 per sq ft.
  • WAULT of 2 years, 7 months to expiry, 1 year, 11 months to break
  • Freehold.
  • Medium term office refurbishment or residential redevelopment opportunity; planning permission is in place to convert the adjoining office building into 58 flats.
  • Prime town centre office rents currently stand at £23 per sq ft.
  • We are instructed to seek offers in excess of £3,282,085 (Three Million Two Hundred Eighty-Two Thousand and Eighty-Five Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 11% and a capital value of £112 per sq ft, assuming purchasers’ costs of 6.48%.
  • For further information, or if you would like to arrange a viewing please either contact myself or my colleague Ian lambert, on the contact details provided below.

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    The accommodation comprises the following areas:

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    Hartnell Taylor Cook LLP, BS6 on +44 117 444 9907 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hartnell Taylor Cook LLP, and do not constitute property particulars. Please contact Hartnell Taylor Cook LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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