Swindon - The Lock, Canal Walk

Investment Summary

  • Swindon is a major town strategically located on the M4 midway between London and Bristol making it a key centre for both distribution and business.
  • Swindon is an expanding town with high levels of disposable income per capita and with a strong economic future.
  • The property occupies a prime retailing position.
  • The property comprises an attractive modern unbroken block of nine retail units.
  • Income of £1,396,700 per annum secured to national multiples for terms expiring between 2015 and 2019.
  • Reversionary to £1,516,200 per annum.
  • Rents in the town have been held back by the lack of modern quality space and regeneration proposals should provide a catalyst for rental growth.
  • The second floor is currently vacant and not income producing allowing the potential to increase rental and capital value
  • Offers sought in the region of £17,600,000 (Seventeen Million, Six Hundred Thousand Pounds), subject to contract, which reflects the following yield profile, adopting our ERVs and assuming normal purchaser’s costs at the rate of 5.7625%:
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For further information please contact:

e: colin.boote@greenpartners.co.uk

d: 020 7659 4830

m: 07753 605670

e: james.baillie@greenpartners.co.uk

d: 020 7659 4839

m: 07702 669314

e: peter.pain@greenpartners.co.uk

d: 020 7659 4831

m: 07725 609005