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Lot 4
89 Commercial Road, Swindon, Wiltshire SN1 5PD

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By order of trustees
6 Week completion

SITUATION

Occupying a prominent trading position close to the junction with Havelock Street within one of the main professional and financial services areas in Swindon, only a short distance from the Brunel Shopping Centre and the busy Regent Street, adjacent to A-Plan Insurance, and with other nearby occupiers including Endsleigh, NatWest, Swinton, Cash Convertors and Ladbrokes.
Swindon is a major business and commercial centre, located within the prosperous M4 corridor, enjoying easy access to the M4 Motorway (Junctions 15 & 16) midway between Reading and Bristol.

PROPERTY

A mid terraced building comprising a Ground Floor Shop with A2 use plus internal access to further Offices and Ancillary Accommodation at first and second floor level.
There is rear vehicular access for unloading together with off-street parking for 2 cars.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'6''
Internal Width 15'7''
Shop Depth 24'5''
Built Depth 45'4''
2 WC's
First Floor Office
Area Approx. 290 sq ft
Kitchen Area Approx. 35 sq ft
Second Floor Office
Area Approx. 80 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Morcumb's Mortgage Services Ltd as a Mortgage Advice Bureau for a term of 6 years from 14th December 2012 at a current rent of £15,000 per annum exclusive.

Note 1: The tenant did not exercise their 2015 break clause.

Note 2: The lease is outside the renewal provisions of the L and T Act 1954.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.