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First Floor, 11-12 Commercial Road, Swindon, SN1 5NF

1,131 Sq Ft / Offices

For Sale - £150,000.00

Under Offer - Last updated: 20 November 2024

Summary

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.


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

  • Viewings

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


    Anti-Money Laundering Regulations

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


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    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.

    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.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £150,000.00 NA

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    Contact agents

    Miles Cross MRICS

    Whitmarsh Lockhart

    01793 205211

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