Property developer Avivco is to create 12 apartments at the former headquarters of Wise Employment on Swindon's Commercial Road, after purchasing the building in a deal brokered by commercial property consultant Kilpatrick & Co. The asking price was £675,000.
Avivco has been granted planning permission to convert part of the rear ground floor and both upper floors of the 5,800 sq ft building for residential use.
The ground floor frontage and 775 sq ft of interior space will be retained as commercial property, available either as a retail unit or office space. Kilpatrick & Co will be reletting the commercial part of the building following the completion of the building works at an asking rent of £17,500 per annum.
Andrew Kilpatrick of Kilpatrick & Co said “We are delighted to have been able to successfully conclude this freehold sale for Wise Employment, enabling them to relocate elsewhere in Swindon. We are also pleased this sizeable building is to be fully utilised, bringing residents back to live and spend in the town centre.”