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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.
Tenure
Virtual Freehold. The property is held on a 999 year lease from January 2000 (thus approximately 980 years unexpired) with a peppercorn ground rent.
Location
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.
Accommodation
Ground Floor Retail Area N.I.A = 1,441 sq ft (133.87 sq m)
Tenancy
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
VAT is applicable (TOGC available)
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.