Withdrawn | Lot 48

Unit B The Plaza, Sanford Street, Swindon, Wiltshire, SN1 1HE

Withdrawn

  • Retail Property (high street)
  • 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.

Call the team on 020 7625 9007 for more information

Auction Date

Wed 30/10/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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.

Additional Fees

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.