Thames Water Highworth Depot Unit 1, Blackworth Industrial Estate, Highworth Swindon Wiltshire SN6 7NA

Thames Water Highworth Depot
Unit 1, Blackworth Industrial Estate, Highworth
Swindon
Wiltshire
SN6 7NA

Freehold Office/Warehouse Investment

Let to Thames Water Utilities Limited
Purpose built building
Tenant in occupation since 1993
Established industrial estate
8,664 sq ft on an approximate site area of 1.11 acres
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
55
Auction
19th May 2016
Rent
£60,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office/Warehouse Investment

Let to Thames Water Utilities Limited
Purpose built building
Tenant in occupation since 1993
Established industrial estate
8,664 sq ft on an approximate site area of 1.11 acres
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 55
Auction 19th May 2016
Rent £60,000 per Annum Exclusive
Status Sold Post
Price
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 8 miles north of Swindon, 26 miles south-west of Oxford, 34 miles south-east of Gloucester
Roads: A361, A419, M4 (Junction 15)
Air: Bristol Airport

Situation

The property lies on the northern side of the strategically located Blackworth Industrial Estate, which sits adjacent to the A361, approximately one mile north of Highworth town centre. Other occupiers on the estate include Simpsons Subaru, ThyssenKrupp and Office Furniture 4U.

Tenure

Freehold.

Location

Miles: 8 miles north of Swindon, 26 miles south-west of Oxford, 34 miles south-east of Gloucester
Roads: A361, A419, M4 (Junction 15)
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached office/warehouse building arranged on the ground and first floors. The property benefits from on-site parking and an approximate site area of 1.11 acres.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Offices/Storage Offices	362.31 sq m 442.55 sq m	(3,900 sq ft) (4,764 sq ft)	THAMES WATER UTILITIES LIMITED (1)	5 years from 24/02/2016 (2) on a full repairing and insuring lease (3)	£60,000	24/02/2019
Totals		804.86 sq m	(8,664 sq ft) (4)			£60,000

1) For the year ending 31st March 2015, Thames Water Utilities Limited reported a turnover of £2,026,800,000, pre-tax profits of £335,800,000 and a total net worth of £1,438,600,000. (Source: Experian Group 05/04/2016)
(2) The lease is subject to a rolling tenant option to determine at any time after 24th August 2018, subject to 6 months’ prior written notice.
(3) The lease is subject to a schedule of condition.
(4) The property has a total gross internal floor area of approximately 931.04 sq m (10,022 sq ft).

NB: The lease is contracted outside the Security of Tenure provisions of the 1954 Landlord & Tenant Act.