Offers over
£3,282,085
(£112.10/sq. ft)
Office for saleMinton Place, Station Road, Swindon SN1
29,278 sq. ft
Freehold
About this property
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.
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