icons_size_white icons_size
Find a property Find a service
menu
close
New to Propertylink
Create a profile to bookmark properties and set up alerts. Register
Registered users
Already have an account? Sign in now.
Find a property Find a service Discover EG
searchSearch

Agent's details

Property agent
James Frost
phone Show phone numberCall agentemail Get in touch

Minton Place, Station Road

For sale: £3,282,085.00|29,278 Sq Ft|Other, Office, Other Property Types & Opportunities, Offices
Photo of other for sale in Swindon, Swindon, SN1 1DG
Image 1 of 9 fullscreen

Property details

get_app Download brochure
FOR SALE£3,282,085.00
SIZE29,278 Sq Ft
ADDRESSMinton Place, Station Road, Swindon, SN1 5DE
TYPEOther, Office, Other Property Types & Opportunities, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON15th January 2024

Description

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.

    • Summary

    Multi-let office investment with medium term redevelopment potential in the heart of Swindon Central Business District.

    Website for this property

    Location

    marker
    Location: Minton Place, Station Road, Swindon, SN1 5DE

    Swindon (0.1 miles)
    close ☒
    What do you think of our website?
    Complete our survey and
    you could win £1000
    Start here