£3,282,085

Office for sale

  1.  Minton Place Swindon5.Jpg
  2.  Minton Place Swindon7.Jpg
  3.  Minton Place Swindon13.Jpg
Freehold

Offers over

£3,282,085

(£112.10/sq. ft)

Office for sale

Minton Place, Station Road, Swindon SN1

29,278 sq. ft

Local area information

Property location

Nearby amenities

  • Swindon (Wilts) 0.1 miles
  • Ferndale Primary School & Nursery 0.6 miles
  • Holy Rood Catholic Primary School 0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
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.
  • More information

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    1. Zoopla
    2. Commercial for sale
    3. Wiltshire
    4. Swindon
    5. Station Business Estate

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