2 Station Rd | Swindon SN1 1DA
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2 Station Rd
Swindon SN1 1DA
Minton Place · Office Property For Sale
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
Building Size
29,278 SF
Building Class
B
Year Built
1985
Price
$4,441,973 CAD
Price Per SF
$152 CAD
Cap Rate
14.44%
NOI
$641,473 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
7,317 SF
Slab To Slab
11’
Building FAR
0.48
Lot Size
1.40 AC
Parking
14 Spaces (0.48 Spaces per 1,000 SF Leased)
Amenities
- Raised Floor
- Accent Lighting
- Energy Performance Rating - D
- Reception
- Bicycle Storage
- Demised WC facilities
- Direct Elevator Exposure
- Natural Light
- Open-Plan
- Reception
- Recessed Lighting
- Shower Facilities
- Drop Ceiling
- Air Conditioning
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