Elgin Industrial Estate is situated approximately 2.2 km (1.4 miles) north of Swindon town centre within the well established Kembrey Park Industrial Area, one of the primary commercial areas of Swindon. Occupiers in the immediate vicinity include Lok’nStore, Premier Inn, Screwfix, Nationwide Building Society, Booker Wholesale, Jewson, Howdens, Wolseley, Edmundson Electrical, Travis Perkins, Toolstation, We Buy Any Car, Triumph Motorcycles and Blade Honda Motorcycles.
The property has excellent road transport communications being situated only 2.4 km (1.5 miles) to the west of the A419 and A420. Junction 16 of the M4 Motorway can accessed via the Great Western Way (B4006) approximately 6.7 km (4.2 miles) to the south-west and Junction 15 of the M4 Motorway, via the A419 is approximately 6.4 km (4 miles) to the south-east.
Swindon Rail Station is only 1.5 km (1 mile) to the south-west and provides regular services to London Paddington Station with journey times under an hour and Bristol & Bath in approximately 25 minutes. Bristol Airport is approximately 68.3 km (42 miles) distant.
Gross internal area 2944.19 sq.m. /31690 sq.ft.
Total income passing p.a.: £12,000
The property comprises a semi-detached steel framed warehouse with two storey office block and two generous yards / parking areas accessed off the dual road frontages from Kembrey Street and Elgin Avenue.
UNIT C5 KEMBREY STREET
The main warehouse building and associated yard, Unit C5 Kembrey Street has a total gross internal area of 2,756.67 sq m (29,672 sq ft) and an eaves height of 5.78m, rising to an apex height of 6.86m. Access is via two loading doors (each 3.65m wide x 4.75m high) to the Kembrey Street / northern elevation. There is a substantial mezzanine area within the main warehouse. There is a small modern single storey extension of 62.75 sq m (675 sq ft) to the main warehouse which accessed via an internal pedestrian access and two additional loading doors in the eastern elevation. Externally, there is a large yard accessed from Kembrey Street. This is currently let on a one year lease from January 2023 which excludes security of tenure.
14B ATHENA AVENUE
The two storey office block of 187.52 sq m (2,018 sq ft) plus large yard, 14B Athena Avenue, is located to the southern end of the site. This is currently let on an five year lease from July 2020 and is currently in use as a dance studio. The lease excludes security of tenure.
Freehold for sale subject to a 1 year lease excluding the security of tenure provisions of the 1954 Landlord and Tenant Act on the parts of the property known as C5 Kembrey Street with vacant possession of possible upon expiry of the lease on 17th January 2025 and subject to a 5 year FRI lease from July 2020, with a passing rent of £12,000pa in respect of the parts of the property known as 14B Athena Avenue. Copies of the leases are available to download.
By prior appointment with Gilmartin Ley, telephone 020 8882 0111 or Whitmarsh Lockhart, telephone 01793 544 834.
Rateable value: £110,000
Estimated Rates Payable: £54,230 per annum
Service charge: tbc
Local authority: Swindon Borough Council
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