The properties comprise two adjoining landmark properties with frontage to Swindon’s main retail street, the pedestrianised Regent Street with extensive return frontage to Edgeware Road. The properties currently have retail consent and the potential to amalgamate to create an imposing shop with 2 floors of retailing. Alternatively, the properties have potential for a change of use to a restaurant, subject to planning and/or conversion of the upper parts to residential. An illustrative scheme for 14 flats totalling 610m2 (6,565 sq ft) has been drawn up, to include extensions to 1st and 2nd floors of 20 Regent Street, subject to planning. Further information and plans available from agents.
Location
Situated within the busy pedestrianised shopping area of Regent Street in Swindon town centre, close to Flannels, Pep & Co, Sports Direct & Specsavers and close to a 50 space car park in Edgeware Road.
Accommodation
19E Regent Street
Ground Floor
Shop - 1,025 sq ft
Storage - 924 sq ft
Sub Total - 1,949 sq ft
First Floor
Potential Sales - 1,157 sq ft
Storage - 845 sq ft
Second Floor
Storage - 1,676 sq ft
WC's / Kitchenette
Total - 5,627 sq ft
20 Regent Street
Ground Floor (Shop) - 972 sq ft
First Floor (Sales/Stores) - 849 sq ft
Second Floor (Staffroom & WC) - 183 sq ft
Total - 2,004 sq ft
19E/20 Regent Street – total combined floor area approx. 7,631 sq ft.
Potential floor area after extensions 8,563 sq ft (795.5 sq m).
Terms
The properties are available for sale freehold with vacant possession together or may sell in 2 parts or may let as a whole or in parts.
Asking Price - Offers in excess of £1m are invited, excluding VAT, if applicable.
Business Rates - Informal enquires to the Valuation Office website indicate that the properties are assessed as follows:-
19E Regent Street - £59,500
20 Regent Street - £46,750
For a more detailed view of the Business Rates, please view attached brochure.
EPC - The current Energy Performance Assessment Rating for each property is Band D, (99).
Legal Costs - Each party to bear their own legal costs incurred in the transaction.