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Ground Floor Shop With Self Contained Residential Flats Above

£0.00 - £17,500 pax

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LOCATION
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.

DESCRIPTION
59-60 Bridge Street is a prominently vacated building which comprises a self-contained ground floor lock up shop with prominent display window to Bridge Street and return frontage to Fleet Street.

The ground floor of the property is currently occupied by Subway, whose lease expires 20th October 2020. Thereafter, the ground floor will be vacant for an in going occupier.

The self-contained upper parts of the property have been converted to form two one bed, and one two bed residential flats, which are currently let on separate assured shorthold tenancies to individual occupiers which currently produces £21,840 per annum exclusive.

ACCOMMODATION
In accordance with the RICS Code of Measuring Practice, the floor area has been measured as follows;

Ground floor 147 sq m 1580 sq ft
First floor 132 sq m 1428 sq ft
(Gross internal area)
Total 279 sq m 3008 sq ft

SERVICES
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.

TERMS
The freehold of the property is available to purchase with vacant possession of the ground floor, and the first floor being subject to the occupational assured shorthold tenancies at an asking price of £575,000 exclusive of VAT if applicable.

Alternatively, the property is available by way of a new full repairing and insuring lease for a term to be agreed at an asking rent of £17,500 per annum exclusive.

OUTGOINGS
The rateable value is £23,750, with the property being described as 'shop and premises'. 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.

VAT
All prices quoted are exclusive of VAT.

LEGAL COSTS
Each party to be pay their own legal fees incurred.

OTHER
EPC RATING (This is how energy efficient the property is)
Certificate reference no.: 9717-3097-0253-0700-6391
D (76-100) = 85

MONEY LAUNDERING REGULATIONS
Tenants/purchasers will be required to provide identity information so Anti Money Laundering checks can be undertaken before an offer can be accepted on any property we are marketing

VIEWING
Strictly by appointment with the agents - Kavanaghs. Please see full property particulars for contact information.

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