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Residential Development Opportunity


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Swindon is strategically located on junctions 15 and 16 of the M4 motorway providing direct access to London and Bristol, and via the A419 to junction 11A of the M5 motorway. The town is an important provincial centre and has attracted many major companies including Zurich Insurance, Nationwide Building Society, Honda Manufacturing and Intel.

Brunel House is a three storey stand alone purpose built retail premises situated overlooking Havelock Square which is adjacent to the Brunel Shopping Centre which forms the centre of the primary retail area of Swindon. The property itself has a prominently situated display window to Havelock Square with return frontage to Havelock Street which leads up to Commercial Road.

The first floor of the property is currently configured as further open plan retail space, with the second floor providing a mixture of ancillary storage, offices and staff room. WC's are located on the ground and second floor. To the rear of the property is a self contained loading bay.

The property previously had planning consent for the conversion of the upper parts to residential which has now lapsed. The development opportunity consists of reconfiguring the ground floor retail space in to smaller units and utilising the self-contained access to the upper parts for a residential conversion above, subject to planning.

In accordance with the RICS Code of Measuring Practice (6th Edition) the floor areas have been measured on a net internal area basis and are calculated as follows;

Ground floor sales area - 1864 sq ft (173.17 sq m)
Ground floor storage area - 94 sq ft (8.73 sq m)
First floor - 1580 sq ft (146.79 sq m)
Second Floor - 1694 sq ft (157.38 sq m)

Total - 5232 sq ft (485.70 sq m)

We are advised that mains drainage, water, electricity are connected. However, we have not verified the existence or tested any of the service installations and advise that interested parties make their own investigations as to their state and condition.

The freehold of the property (with vacant possession) is available to purchase at a price of £575,000.

The Valuation Office website describes the property as 'Shop and Premises' with a rateable value of £64,500. The rates that you pay will depend upon individual circumstances of your business. Enquiries should be made to the local billing authority - Swindon Borough Council. However, the rateable value will change in the event that the property is let on a floor by floor basis.

The property is VAT elected, therefore VAT is payable.

Each party to be responsible for their own legal costs incurred in the transaction.

The premises most recent use was that of A1 retail. The premises has previously had the benefit of a now lapsed planning consent for A3 restaurant use on the ground floor with residential on the upper parts.

EPC RATING (This is how energy efficient the property is)
Certificate reference no.: 9090-9964-0362-9330-1040
G (Over 150) = 165

Strictly by appointment with the agents - Kavanaghs.

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