>
44 bedroom block of apartments for sale
1 Sanford Street, Swindon, Wiltshire, SN1 1HE
£6,000,000
1 Sanford Street, Swindon, Wiltshire, SN1 1HE
£6,000,000
Our Summary
- VAT is NOT applicable to this property Comprises residential block of 28 flats (12 x 1-Bed & 16 x 2-Bed) Currently operated as a serviced apartments by Charles Hope Planning previously granted in 2017 (now lapsed) for erection of a roof extension to create 2 additional floors containing 12 flats Prominent central location within short walk from Swindon Train Station and retail occupiers nearby including Tesco Express, Greggs, Costa Coffee, H&M and Superdrug, amongst others Swindon train station offers 80+ direct departures daily to London Paddington, with a travel time of approximately 1 hour
- 5 sq m (673 sq ft) 2 bedrooms, kitchen/living room, bathroom Development Potential: Planning previously granted in 2017 (now lapsed) for erection of a roof extension to create 2 additional floors containing 12 flats
- 3 sq m (714 sq ft) For more information, please refer planning application S/17/1109 on Swindon Planning Portal: Tenancy: The entire property is at present let to Charles Hope Holdings Ltd* for a term of 6 years from 25th March 2022 at a current rent of £360,130** p
Description
The property is a residential block of 28 flats in Swindon, England, currently operated as a serviced apartments. The block contains 12 one-bed and 16 two-bed flats, with a total rent of £360,130 per year. The property has planning permission to add two additional floors, which could create 12 more flats. The entire property is currently let to Charles Hope Holdings Ltd for a term of 6 years, with a fixed rent increase every 4 years. The property is located in a central location, within walking distance to Swindon Train Station and various retail occupiers.