Auction House London

Lot 60

Commercial Property - Commercial Property 

28 Milton Road

Swindon, Wiltshire, SN1 5JA

Sold for £332,500

A Vacant Freehold Four Storey Office Building Offered with Full Planning Permission for Conversion to Provide 8 x Self-Contained Studio Flats

Description

The property comprises a mid terrace office building arranged over lower ground, ground and two upper floors. GIA 218 sq m (2,349 sq ft)

Location

The property is situated in Swindon town centre close to local shops and amenities including The Brunel Shopping Centre. The open spaces of The Park are within close proximity. Transport links are provided by Swindon rail station.

Accommodation

Lower Ground Floor
Office Room, Kitchen

Ground Floor
Three Office Rooms

First Floor
Two Office Rooms, Kitchen, W/C

Second Floor
Two Office Rooms

Planning

Swindon Borough Council granted the following planning permission (ref: S/PO2R/20/1043) on 23rd September 2020: 'Prior Approval Notification for the change of use of Office (Class B1(a) to 8 no. Residential Units (Class C3.)'

A Further Planning Application has been approved (ref: S/20/1553) on 26th January 2021: 'Erection of an L-shaped rear dormer, creation of lightwell to the front of the property, a boundary wall with iron railings and installation of new windows.'

Proposed Accommodation

8 x Self-Contained Studio Flats (arranged as two flats on each floor)

Note

Swindon Borough Council has shown an interest to rent all studios after completed works at £500pcm which would create income of £48,000pa (refer to the email in the legal pack).

Addendum

All Planning Applications have now been Approved by Swindon Borough Council :

(ref: S/PO2R/20/1043) on 23rd September 2020:
'Prior Approval Notification for the change of use of Office (Class B1(a) to 8 no. Residential Units (Class C3.)'

(ref: S/20/1553) on 26th January 2021:
'Erection of an L-shaped rear dormer, creation of lightwell to the front of the property, a boundary wall with iron railings and installation of new windows.'

Joint Agent

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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