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A Ground Floor Double Fronted Retail Unit. Let on an FRI Lease Producing £11,000 per annum
The property comprises a ground floor double fronted retail unit within a mid terrace building arranged over ground and six upper floors.
Virtual Freehold. The property is held on a 999 year lease from January 2000 (thus approximately 980 years unexpired) with a peppercorn ground rent.
The property is situated within an established parade in a primary shopping thoroughfare in Swindon. Nearby multiples include Primark, William Hill, Costa, Sports Direct and numerous local established traders. Transport links are provided by Swindon rail station.
Ground Floor Retail Area N.I.A = 1,441 sq ft (133.87 sq m)
The property is subject to a three year FRI lease commencing 25th March 2018 at a rent of £2,750 quarterly. Tenant has been in occupation since 2015.
VAT is applicable (TOGC available)
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.