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Minton Place 2 Station Rd 29,278 SF 68% Leased Office Building Swindon SN1 1DA $4,655,384 CAD ($159.01 CAD/SF) 14.44% Cap Rate
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
$4,655,384 CAD
Price Per SF
$159.01 CAD
Cap Rate
14.44%
NOI
$672,292 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
7,317 SF
Slab To Slab
11’
Building FAR
1.94
Lot Size
0.35 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
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This office space is available to let on terms to b agreed.
This office suite is available to let on terms to be agreed.
This office space is available to let on terms to be agreed.
This office suite is available to let on terms to be agreed.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 1A | 641 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 3 | 2,968 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 1 | 3,692 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 3 | 1,932 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 1A
| Size |
| 641 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 3
| Size |
| 2,968 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 1
| Size |
| 3,692 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 3
| Size |
| 1,932 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 1A
| Size | 641 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office space is available to let on terms to b agreed.
2nd Fl-Ste 3
| Size | 2,968 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed.
3rd Fl-Ste 1
| Size | 3,692 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office space is available to let on terms to be agreed.
3rd Fl-Ste 3
| Size | 1,932 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed.
1 1
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Minton Place | 2 Station Rd
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