Swindon - Canal Walk, SN1 1LD

Location:

Swindon is the principal commercial and administrative centre of Wiltshire, situated immediately to the north
of the M4 motorway between Reading and Bristol. The town is located approximately 81 miles (130km) west of London and 40 miles (64km) to the east of Bristol.

Swindon benefits from excellent communication links to the national road network with the town centre being accessed directly via Junctions 15 and 16 of the M4 motorway. The A417/A419 connects Swindon to the M5, Cheltenham and Gloucester.

Swindon is located on the Great Western Railway line with fast and frequent services from London Paddington. The average journey is 1 hour 5 minutes with a fastest journey time of 51 minutes. On an average weekday, there are 82 trains to London per day. There are also frequent trains to major centres, including Birmingham, Bristol, Cardiff and Reading.

  • Situation

    The subject property is prominently situated at the junction of Canal Walk, Regent Street, The Parade and Bridge Street. The crossroads is a busy “hub” at the western end of Regent Street and in very close proximity to the main entrances to the Brunel Shopping Centre. The property is within few minutes walking distance from Swindon Railway Station and town bus station. Nearby occupiers include Topshop / Topman, Metro Bank, River Island, Lush, Primark, Schuh, Footasylum, Miss Selfridge and Wilko.  

  • Description

    The property comprises a modern, unbroken parade of seven retail units constructed in 2000. The units provide well-configured, open plan retail floor space with servicing via a yard to the rear with dock level loading bays. All retailers trade from the ground and first floors only. The second floor is accessed via a fire escape ladder and therefor currently not demised. There are no business rates associated with this space.

  • Tenure

    Freehold. 

  • Tenancy (ies)

    Please refer to the schedule of tenancies and accommodation within the brochure. 

  • Current Rent PAX

    854273

  • Service Charge

    The service charge for the subject property is operated by JLL under a single schedule with the tenants having apportioned percentage contributions based on gross lettable floor area occupied. The service charge period will run for the 2019 calendar year from 01/01/2019 until 31/12/2019 with a current budget of £71,645 (exclusive of VAT) which devalues to approximately £1.47 per sq ft.

  • VAT

    The property has been elected for VAT and any disposal will be by way of a Transfer of a Going Concern (TOGC).

  • Price

    £9,420,000 (Subject to Contract and exclusive of VAT )

  • Yield

    8.50%

MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.

All viewings are strictly by prior appointment.
Please contact:

David Freeman
Ed Smith
Patrick Over