Let to Cadillac Plastic Ltd until September 2034 (subject to tenant option to break)
Substantial Industrial building of 1,873.88 sq m (20,159 sq ft)
Property has been let to Cadillac Plastic for 36 years
Approx. site area of 0.48 Ha (1.19 Acres) with a low site coverage of 33%
Established industrial estate location
Lot 12
Auction 27th March 2025
Rent £183,000 per Annum Exclusive
Status Available
Guide* £2,500,000
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
33 miles east of Bristol, 37 miles west of Reading
Roads
M4 (J16), A419
Rail
Swindon Railway Station
Air
Bristol Airport
Situation
Swindon is the principal town in Wiltshire, strategically position on the M4 motorway corridor between Reading and Bristol. The property is located within the busy and well established Rivermead Industrial Estate, situated just off Mead Way (B4534) some 2 miles from J16 of the M4 and 2 miles from Swindon town centre.
Tenure
Freehold.
Location
Miles
33 miles east of Bristol, 37 miles west of Reading
Roads
M4 (J16), A419
Rail
Swindon Railway Station
Air
Bristol Airport
Situation
Swindon is the principal town in Wiltshire, strategically position on the M4 motorway corridor between Reading and Bristol. The property is located within the busy and well established Rivermead Industrial Estate, situated just off Mead Way (B4534) some 2 miles from J16 of the M4 and 2 miles from Swindon town centre.
Tenure
Freehold.
Description
The property comprises a substantial warehouse with ancillary office accommodation arranged over ground and first floors, hard standing yard areas and parking for approximately 30 cars. The property has a total floor area of 1,873.88 sq m (20,159 sq ft) upon a site area 0.48 Ha (1.19 Acres) benefitting from a low site coverage of 35%.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial warehouse with ancillary office accommodation arranged over ground and first floors, hard standing yard areas and parking for approximately 30 cars. The property has a total floor area of 1,873.88 sq m (20,159 sq ft) upon a site area 0.48 Ha (1.19 Acres) benefitting from a low site coverage of 35%.
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 sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Warehouse/Office Office
1,621.40 252.48
(17,452) (2,717)
CADILLAC PLASTIC LIMITED (2)
10 years from 29/09/2024 until 28/09/2034 (3)
£183,000
29/09/2029
Total
1,873.88
(20,169)
£183,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) Cadillac Plastic Limited are the leading supplier of high-performance plastic films and adhesives across a range of industrial sectors and for the year ending 31/12/2023 reported a Net Worth of £4,616,525 (NorthRow 04/03/2025)(www.cadillacplastic.co.uk). (3) The lease provides for a Tenant option to determine on 28/09/2029.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
