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Minton Place 2 Station Rd 29,278 sq ft 68% Let Office Property Swindon SN1 1DA £2,500,000 (£85.39/sq ft) 14.44% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Situated on a prominent corner plot, opposite Swindon Railway Station
- 4 Miles from M4 J15
- 4 Minute Walk from Swindon Bus Station
EXECUTIVE SUMMARY
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.
Medium term office refurbishment or residential redevelopment opportunity; planning permission is in place to convert the adjoining office building into 58 flats.
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%.
Let to 8 tenants with a total passing rent of £384,422 pa, reflecting a low average rental rate of £13.06 per sq ft.
WAULT of 2 years, 7 months to expiry, 1 year, 11 months to break.
Medium term office refurbishment or residential redevelopment opportunity; planning permission is in place to convert the adjoining office building into 58 flats.
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%.
Let to 8 tenants with a total passing rent of £384,422 pa, reflecting a low average rental rate of £13.06 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
29,278 sq ft
Costar Property Class
B
Year Built
1985
Price
£2,500,000
Price per sq ft
£85.39
Yield
14.44%
NOI
£361,029
Occupancy Rate
68%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
7,317 sq ft
Floor To Floor Height
11 ft
Plot ratio
1.94
Total Plot Size
0.35 ac
Parking
14 Spaces (0.48 Spaces per 1,000 sq ft Leased)
AMENITIES
- Raised Floor
- Accent Lighting
- EPC - D
- Reception
- Bicycle Storage
- Demised WC facilities
- Lift Access
- Natural Light
- Open-Plan
- Reception
- Recessed Lighting
- Shower Facilities
- Suspended Ceilings
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
This office space is available to let on terms to b agreed.
This office suite is available to let on terms to be agreed.
This office space is available to let on terms to be agreed.
This office suite is available to let on terms to be agreed.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 1A | 641 sq ft | Office | Partial Fit-Out | Now |
| 2nd Fl-Ste 3 | 2,968 sq ft | Office | Partial Fit-Out | Now |
| 3rd Fl-Ste 1 | 3,692 sq ft | Office | Partial Fit-Out | Now |
| 3rd Fl-Ste 3 | 1,932 sq ft | Office | Partial Fit-Out | Now |
2nd Fl-Ste 1A
| Size |
| 641 sq ft |
| Space Use |
| Office |
| Condition |
| Partial Fit-Out |
| Available |
| Now |
2nd Fl-Ste 3
| Size |
| 2,968 sq ft |
| Space Use |
| Office |
| Condition |
| Partial Fit-Out |
| Available |
| Now |
3rd Fl-Ste 1
| Size |
| 3,692 sq ft |
| Space Use |
| Office |
| Condition |
| Partial Fit-Out |
| Available |
| Now |
3rd Fl-Ste 3
| Size |
| 1,932 sq ft |
| Space Use |
| Office |
| Condition |
| Partial Fit-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 1A
| Size | 641 sq ft |
| Space Use | Office |
| Condition | Partial Fit-Out |
| Available | Now |
This office space is available to let on terms to b agreed.
2nd Fl-Ste 3
| Size | 2,968 sq ft |
| Space Use | Office |
| Condition | Partial Fit-Out |
| Available | Now |
This office suite is available to let on terms to be agreed.
3rd Fl-Ste 1
| Size | 3,692 sq ft |
| Space Use | Office |
| Condition | Partial Fit-Out |
| Available | Now |
This office space is available to let on terms to be agreed.
3rd Fl-Ste 3
| Size | 1,932 sq ft |
| Space Use | Office |
| Condition | Partial Fit-Out |
| Available | Now |
This office suite is available to let on terms to be agreed.
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Minton Place | 2 Station Rd
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