Commercial property

High yielding commercial investment comes to the market

Written by Peter Davison.

College CourtThe freehold of Swindon's College Court has come to the market with commercial property consultants Kavanaghs and London consultants Allsop.

College Court comprises of Imperial, Trinity, and Oxford Houses.

Imperial House comprises a ground floor shop and first and second floor offices and is currently occupied by Advance Insurance. The lease expires in 2031 and the passing rent is £34,000 pax.

Trinity and Oxford Houses are currently occupied by Allen & Harris estate agents who occupy the combined ground floor units and all of the first, second and third floor offices. They have five years unexpired on their lease and the rent payable is currently £120,000 pax.

Thereafter there is the reversionary opportunity of potentially re-gearing the current lease and possibly redeveloping the upper parts. Both units have their own allocated car parking on site.

Kavanaghs' commercial property Manager, Stephen Brickell, said: “We are delighted to be bringing to market College Court and are once again pleased to be working with Duncan Moir of Allsop.

College Court comprises of Imperial, Trinity & Oxford Houses.

The property is to be sold in the December Allsop auction on Monday, December 9 at The Berkeley Hotel in Knightsbridge although offers are invited prior to the auction.

Duncan Moir of Allsop said: “I am once again pleased to be working with Mr Brickell again who is one of the most effective and proactive agents in the South and South West and have no doubt that between us we will be able to deliver a successful outcome for our client.”

To view the property or for further information please contact Stephen Brickell on 01225 341490 or Duncan Moir of Allsop on 0207 543 6704.