24 November 2022: Thursday 24 November 2022 - 9:00am
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    Key features

    • Freehold mid terrace building
    • Planning granted to convert first floor to form three self-contained flats
    • 1 x studio and 2 x 2 bedroom
    • Ground floor retail unit sold off on a long lease
    • Further plans submitted to convert/construct nine self-contained flats
    • Vacant first floor

    Description

    A freehold mixed use building over two floors with the ground floor retail unit sold off on a long lease of 999 years.

    Planning permission granted for conversion of the first floor commercial space to form three self-contained flats.

    Approved plans include one studio flat and 2 two bedroom flats both of which benefit from private amenity space. Access is via an existing entrance fronting Regent Street and a secondary rear access from Morley Street.

    Plans also submitted and a decision awaited to convert the first floor with construction of an additional two floors to create nine self-contained flats (6 x 1 bedroom and 3 x 2 bedrooms).

    Vacant first floor.

    Additional information

    Tenure

    Freehold.


    Ground floor is sold on lease for a term of the lease is 999 years from 1st May 2022 at peppercorn ground rent.

    Accommodation

    Approved:

    Unit 1 - Studio Room, Shower Room/WC.

    Unit 2 - Entrance Hallway, Open Plan Living Room/Kitchen, Two Bedrooms, Bathroom/WC, En Suite Shower Room/WC.

    Unit 3 - Entrance Hallway, Open Plan Living Room/Kitchen, Two Bedrooms, Bathroom/WC, En Suite Shower Room/WC.


    Proposed:

    First Floor

    Unit 1 - Entrance Hallway, Open Plan Living Room/Kitchen, Bedroom, Shower Room/WC.

    Unit 2 - Entrance Hallway, Open Plan Living Room/Kitchen, Two Bedrooms, Bathroom/WC.

    Unit 3 - Entrance Hallway, Open Plan Living Room/Kitchen, Bedroom, Bathroom/WC.

    Unit 4 - Entrance Hallway, Open Plan Living Room/Kitchen, Two Bedrooms, Bathroom/WC.

    Second Floor

    Unit 5 - Entrance Hallway, Open Plan Living Room/Kitchen, Bedroom, Shower Room/WC.

    Unit 6 - Entrance Hallway, Open Plan Living Room/Kitchen, Two Bedrooms, Bathroom/WC.

    Unit 7 - Entrance Hallway, Open Plan Living Room/Kitchen, Bedroom, Shower Room/WC.

    Unit 8 - Entrance Hallway, Open Plan Living Room/Kitchen, Bedroom, Shower Room/WC.

    Third Floor

    Unit 9 - Entrance Hallway, Home Office, Open Plan Living Room/Kitchen, Two Bedrooms, Bathroom/WC, En Suite Shower Room/WC.

    Planning

    Planning permission (Ref S/21/1910) approved by Swindon Borough Council on 31st March 2022 for "Change of use of first floor to 3no. residential units."


    Planning permission (Ref S/22/0597) submitted to Swindon Borough Council on 25th April 2022 for "Erection of a further two storeys and change of use of first floor (use class E) to provide 9no. self-contained residential units (use class C3)." If approved, these plans will not impact the previously approved plans ref S/21/1910.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Located on Regent Street, in Swindon town centre.

      All town centre amenities are easily accessible including the Brunel Shopping Centre and Regent Circus Shopping Centre.

      Recreational amenities of Queens Park, GWR Park and The lawns are nearby.

      Transport

      Swindon - National Rail

      Legal documents

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      EPC rating

      The EPC rating for this property is E

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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