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16

The Lock, Canal Walk, Swindon

Offer in excess of

£4,060,000

Size

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Tenure

Freehold

EPC

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Parking

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Primary use
High street retail
Frontage
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Floorplan
16

Key features

  • Prime town centre retail investment occupying a prominent position at the junction of Canal Walk, The Parade and Regent Street.
  • Freehold interest comprising a modern, unbroken parade of seven retail units.
  • 100% let to seven national multiple tenants including HSBC, JD Sports, Vodafone, Waterstones, Card Factory, Coffee #1 and Evapo.
  • Net Operating Income of £441,872.64 per annum.
  • WAULT of 4.50 years to expiry and 2.10 years to tenant break.
  • Substantial 48,782 Sq Ft town centre holding providing well-configured retail accommodation with rear servicing and dock-level loading.
  • Offers sought in excess of £4,060,000, reflecting a Net Initial Yield of 10.22%

Description

The property comprises a modern, unbroken parade of seven retail units constructed in 2000. The units provide well-configured, open plan retail floor space with servicing via a yard to the rear with dock level loading bays. The service yard area is within the freehold title but has been adopted by the local authority and is predominantly maintained at public expense. Most of the retailers lease the ground and first floor space. However, there is vacant first floor space above Unit 6. The second floor is accessed via a fire escape ladder and therefore currently not demised. There are no business rates associated with this space or the first floor vacant space above HSBC.
Additional information
Service charge
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Business rates
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Use class
E
Listed building
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Floors in building
3
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

The Lock, Canal Walk, Swindon

NEAREST STATIONS

National Rail

Swindon Station

0.37 miles

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Disclaimer - Property reference THELOCKSWINDON. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Green & Partners LLP, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.