Phone: 01793 232658 / 01452 348915
• Freehold industrial investment / development opportunity
• Three detached buildings totalling approximately 31,124 sq ft (2,892 sq m)
• Approximate site area of 1.537 acres (0.622 hectares)
• Multi-let currently producing £102,764 per annum exclusive
• Offers are sought in excess of £1.6M (One Million Six Hundred Thousand Pounds) reflecting a net initial yield of 6.05% after allowing for purchaser’s costs at 6.46%
Cheney Manor Industrial Estate is an established estate with a multitude of industrial and office occupiers. It is situated just off the Bruce Street Bridges junction of the Great Western Way which is one of Swindon’s main arterial roads and a dual carriageway. Junction 16 of the M4 is approximately 3 miles to the west and provides direct access to Reading (40 miles East) and Bristol (40 miles West). Swindon town centre, together with its mainline railway station, is within 1 mile of the property. The subject Property is situated fronting the main road through Cheney Manor Industrial Estate.
Cheney Manor is a 1970s industrial estate which is popular with large and small occupiers alike. Large occupiers include Dynamatic, Oak Furnitureland, Stagecoach, Flextronics, Manor Furniture and Helibeds. There are also roadside operators including Toolstation, Speedy Hire, ATS Euromaster, Enterprise and Hertz. Other similar occupiers are based close by at Great Western Trade Park and Hawksworth Industrial Estate. In addition there is the refurbished Nexus House which offers good quality serviced offices and there are also some small lower grade serviced office and industrial premises including The Pembroke Centre and BSS House.
The property is made up of three independent buildings vacant but capable of being adapted and rationalised to provide an improved trade counter style unit.
Unit 1 is a detached warehouse with two storey brick offices to the front. The steel frame warehouse is open plan and benefits from a side
concertina loading door and a rear roller shutter door. It has an internal eaves height of approximately 4.5m. This is currently
Units 2 & 3 are of a similar nature with a parking/display area to the front and a tarmacked yard/storage area to the rear which has a shared access for the three occupiers. Unit 2 has been upgraded with new lighting and the tenant has installed a bay for his car repair business as well as redecorating the offices.
Unit 4 is a detached largely square more modern warehouse with minimal offices and its own dedicated yard to the side which is fenced with a palisade fence.
Call: 07957 739858