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22-23 Morley St 1,604 sq ft Retail Property Swindon SN1 1SG £460,000 (£286.78/sq ft) 8.37% Net Initial Yield
Investment Highlights
- Prime Swindon Town Centre position
- Close to amenities & transport links
- High footfall commercial location
Executive Summary
The ground floor commercial unit is arranged as a retail / hairdressing salon and forms part of a mixed-use freehold building. The unit benefits from a town centre trading position and is fully occupied. The total commercial floor area has not been stated within the available information.
Accommodation Schedule
22 Morley Street
Ground Floor Flat – £800.00 pcm
22A Morley Street
First Floor Flat (Front) – £800.00 pcm
22B Morley Street
First Floor Flat (Rear) – £800.00 pcm
23 Morley Street
Ground Floor Shop – £1,000.00 pcm
Accommodation Schedule
22 Morley Street
Ground Floor Flat – £800.00 pcm
22A Morley Street
First Floor Flat (Front) – £800.00 pcm
22B Morley Street
First Floor Flat (Rear) – £800.00 pcm
23 Morley Street
Ground Floor Shop – £1,000.00 pcm
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,604 sq ft
Costar Property Class
C
Year Built
1928
Price
£460,000
Price per sq ft
£286.78
Yield
8.37%
NOI
£38,500
Tenancy
Single
Number of Floors
2
Plot ratio
1.23
Total Plot Size
0.03 ac
Parking
2 Spaces (1.93 Spaces per 1,000 sq ft Leased)
Frontage
26 ft on Morley St
Amenities
- Dedicated Turn Lane
1 1
Nearby Major Retailers
1 of 9
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22-23 Morley St
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