Potters Walk, 133 High Street, Royal Wootton Bassett, Swindon, SN4 7AY

  • Investment
  • 5,622 sq ft
  • For Sale
Potters Walk, 133 High Street, Swindon, Investment For Sale - IMG_1510 resized.jpg
Potters Walk, 133 High Street, Swindon, Investment For Sale - IMG_1516.jpg
Reduced Price
Property Type Investment
Availability For Sale
Size 5,622 sq ft
Energy Performance Rating Upon enquiry

Retail Arcade with PP for conversion of uppers to residential

Key Features

  • Thriving Market Town with population of c. 11,000
  • Popular retail arcade situated in prominent position on High Street
  • Close to Junction 16 M4 motorway and Swindon
  • 60,300 per annum income
  • Offers in excess of £775,000 plus VAT
  • 7.78% gross return

Location

Royal Wootton Bassett is located just 2 miles from Junction 16 of the M4 motorway and is only 5 miles from Swindon Town, where the central railway station offers a direct rail link to London Paddington. The property is in a popular and thriving market town with a population of c. 11,000. The town offers a wide range of amenities including a high number of independent retailers, hotels, bars and restaurants. The High Street offers free public parking (2 hours).

Description

Potters Walk is a mixed use development comprising a retail arcade developed in the 1980’s with 6 retail units, including Boots and Prospect Hospice fronting the High Street. The upper floor offices benefit from planning permission (via PDR) for conversion into apartments (Class C3).

Terms

The property is available to purchase Freehold, subject to the existing tenancies. Our client is seeking offers on £775,000 plus VAT. AML checks will be undertaken.

Tenancies

The retail element is currently fully let. A tenancy schedule is available via the agents.

The first floor benefits from planning permission under the Town & Country Planning (General Permitted Development) (England) Order 2015. The application number is 18/09126/PNCOU for a proposed change of use from use class B1 to 3 no. single bedroom apartments (use class C3). Plans are available on request. Prospective purchasers are advised to make their own enquiries of the Local Authority as to whether Community Infrastructure Levy (CIL) will apply in the case of any future residential development.

Legal Costs

Each party is to be responsible for their own legal costs incurred during the transaction.