The Orbit Centre Ashworth Road Swindon Wiltshire SN5 7YG

  • The Orbit Centre<br>Ashworth Road<br>Swindon<br>Wiltshire<br>SN5 7YG

The Orbit Centre
Ashworth Road
Swindon
Wiltshire
SN5 7YG

Freehold Geared Industrial Ground Rent Investment

  • Well occupied established industrial estate providing 28,434 sq ft accommodation
  • Entirely let until September 2110 (no breaks) with 15% geared rent reviews quarterly
  • Prominent roadside location less than 2 miles from the M4 (Junction 16)
  • Located adjacent to Sainsbury’s Superstore and opposite a Honda and Mini Showroom
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    53
  • Auction
    11th February 2016
  • Rent
    £28,200 per Annum Exclusive
  • Status
    Sold
  • Price
    £640,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers
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Freehold Geared Industrial Ground Rent Investment

  • Well occupied established industrial estate providing 28,434 sq ft accommodation
  • Entirely let until September 2110 (no breaks) with 15% geared rent reviews quarterly
  • Prominent roadside location less than 2 miles from the M4 (Junction 16)
  • Located adjacent to Sainsbury’s Superstore and opposite a Honda and Mini Showroom
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 53
  • Auction 11th February 2016
  • Rent £28,200 per Annum Exclusive
  • Status Sold
  • Price £640,000
  • Sector
    Industrial, Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers

Property Information

Location
Miles
32 miles south-west of Oxford, 34 miles north-east of Bath, 44 miles north-west of Reading
Roads
B4006 (Great Western Way), A3102, M4 (Junction 16)
Rail
Swindon
Air
Bristol International Airport
Situation

The property is situated 2 miles west of Swindon town centre just off the Great Western Way dual carriageway on Ashburton Road and within close proximity to Junction 16 of the M4 Motorway. The estate is adjacent to a large Sainsbury’s Superstore and petrol station and opposite a Honda and Mini Car Dealership.

Tenure

Freehold.

Location
Miles
32 miles south-west of Oxford, 34 miles north-east of Bath, 44 miles north-west of Reading
Roads
B4006 (Great Western Way), A3102, M4 (Junction 16)
Rail
Swindon
Air
Bristol International Airport
Situation

The property is situated 2 miles west of Swindon town centre just off the Great Western Way dual carriageway on Ashburton Road and within close proximity to Junction 16 of the M4 Motorway. The estate is adjacent to a large Sainsbury’s Superstore and petrol station and opposite a Honda and Mini Car Dealership.

Tenure

Freehold.

Description

The Orbit Centre comprises a self-contained industrial estate around a busy courtyard which have been divided to provide 14 units. The units offer varied space over ground, first and mezzanine level accommodation. The property benefits from on-site parking for over 60 cars and has a total approximate site area of 0.189 acres (0.077 hectares).

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The Orbit Centre comprises a self-contained industrial estate around a busy courtyard which have been divided to provide 14 units. The units offer varied space over ground, first and mezzanine level accommodation. The property benefits from on-site parking for over 60 cars and has a total approximate site area of 0.189 acres (0.077 hectares).

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use GIA Floor Areas (Approx) Tenant Term Rent p.a.x Review
1-20 Ground, First
& Mezzanine 		Warehouse/
Office/Retail
2,641.40 sq m
(28,434 sq ft)
 FISH BROTHERS
PROPERTY
INVESTMENT
LLP (1) (2)		 125 years from 29/09/1985
until 28/09/2110 on a full
repairing and insuring
lease		 £28,200.64 Quarterly
(3)
  Totals  
2,641.40 sq m
(28,434 sq ft)
     £28,200.64 (4)

(1) For the year ending 31st March 2015, Fish Brothers Property Investment LLP reported a total net worth of £2,807,132 (Experian Group 18/01/2016)
(2) The tenant has sublet units to various subtenants. Further details, including a floor area breakdown per unit, can be found within the legal pack.
(3) The rent reviews are each quarter day (being 25th March, 24th June, 29th September and 25th December) and are geared to 15% of the net rent received (see the lease in the legal pack for full details).
(4) The rent stated is the average of the annualised June 2015 quarter rent (£29,693.52) and the annualised September 2015 quarter rent (£26,707,76).

Contacts

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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