Commercial development for sale

For Sale By Public Auction on 12 September 2024 starting at 09:00 AM - A vacant freehold former leisure unit with redevelopment potential, subject to planning, situated in a town centre location



The property comprises a substantial three storey building which was formally used as a bar. The building has an extensive return frontage and is of concrete frame construction with a flat roof.
The ground floor is fitted out as a bar with the upper floors in a basic shell' condition. The property has been vacant for several years.
The property could suit a variety of future uses including leisure, retail and conversation of the upper floors to a residential / other commercial use, subject to planning.

Location
The property occupies a prominent corner pitch, fronting both Bridge Street and Fleet Street within Swindon Town Centre.
Swindon is the principal town and the main commercial centre for the county of Wiltshire, with a population of approximately 233,000. Swindon is strategically located on the M4 corridor, 36 miles east of Bristol and 71 miles west of London.
The subject property is situated within the centre of the town, on a busy thoroughfare linking Swindon's train station with Regent Street, the main retailing high street.
Nearby occupiers include various leisure / food and beverage operators including an Ibis hotel, JD Wetherspoon and Caf Nero as well as most national high street retailers. The Brunel Shopping Centre, Swindon's principal covered shopping centre, is situated within 250m.

Tenure
Freehold Vacant possession upon completion.

Planning
It is assumed that the property currently has a Sui Generis use. Interested parties are to rely on their own investigations.
Planning consent was granted in 2019 for the change of use of the first and second floors to provide 8 residential flats (ref S/19/0214). As part of this application, it was proposed the ground floor would be converted to provide 3 separate retail units (under previous permitted development rights).

Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.

Viewing Times
Strictly by appointment with the Auctioneers.

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.