FOR SALE 39/40 Regent Circus, Swindon, SN1 1PX

Freehold mixed use investment with A3 potential, on-site parking and suitable for owner occupation / letting of ground floor plus residential conversion of first floor. 2,625 sq ft (244 sq m) + 2 flats

Description/Location A four storey modern commercial property with retail (potentially A3 use *) on ground floor/basement, office use (with scope for residential conversion **) on first floor and residential (2 flats) on second floor, located in Swindon Town Centre opposite the Town Hall, adjacent to Subway/Virgin Money and close to the recently opened REGENT CIRCUS Leisure Centre. Accommodation Ground Floor 1,362 sqft (presently divided into 2 retail units – see layout plan attached) Basement 164 sq ft + (2 x WC’s) First Floor 1,100 sqft approx. offices Second Floor 1 No: two bed and 1 No: one Bed flat Outside Parking for 3 cars EPCs’ B and E & above. Lease Schedule Ground Floor/Basement Let to Cats Protection Trustees Ltd on a “Business Rates” only basis, subject to a rolling mutual break optionon a minimum 6 weeks’ notice. First Floor: Let to DH Oxford/Swindon Ltd, trading as Driver Hire, on a lease expiring 6th November 2017 at a rent of £6,500 per annum. Second Floor: Let on 2 No: Assured Shorthold Tenancies at a gross rent of £12,000 per annum. Planning *Planning consent (ref S/12/1360) was granted on 8th November 2012 [but now expired] for change of use of the ground floor and basement to Use Class A3 (Restaurant/Café). **By virtue of the Town and Country Planning (General Permitted Development) (England) Order 2015 Class G, it is believed that the first floor could be converted to 2 flats, without planning consent, but subject to various conditions. Tenure Freehold with potential vacant possession of the ground floor, subject to notice. Price £425,000 – no VAT applicable. Viewing and Further Information Strictly by appointment only with the sole agent Philip Loveday 01793 423344 philip@loveday.uk.com Sat Nav SN1 1PX April 2017