Foodstore, WM Morrison Supermarket - Swindon, Swindon - Picture 2019-11-08-17-52-09
To Let
Featured

Foodstore

Regent Circus, Swindon, SN1 3DQ

Use Class
A1
Size
49,739sq ft
Rent pa
£988,000
Market Sector
High Street

Description

Modern purpose built store of 49,739 sq ft gross internal area with a dedicated ground floor car park of 238 spaces as part of the demise.

Forms part of the 98,818 sq ft Regent Circus retail and leisure destination.

Other tenants include 6 screen Cineworld cinema, Ask Italian, Nando’s and Prezzo.

Separate leisure scheme multi-storey car park provides an additional 212 spaces.

Suitable for retail and leisure uses, subject to planning and landlord’s consent.

Store and car park leases offered for assignment.

Offers will also be considered for subleases of the whole or parts.

Location

Regent Circus is a modern retail and leisure development that opened in 2014. It is located on the southern side of Swindon town centre with frontages to both Regent Circus and Crombey Street. Regent Circus provides the only cinema in central Swindon with a 6 screen Cineworld digital multiplex.

The remainder of the space is occupied by the subject store and a range of restaurant units occupied by tenants including Ask Italian, Nando’s, Coal Grill & Bar and Prezzo.

Key Information

Tenure

Leasehold
Full repairing and insuring

Lease Type

Existing Lease

Lease Term

25 years from 13th October 2014.

Tenant Break Option – Effective 13th October 2034 on 6 months notice.

Viewing

For access to the dataroom or to arrange to view the property, please contact Alex Moorhouse of Colliers International.

Accommodation

49,739 Sq.Ft/4,620.90 m²

AreasSq.Ftm²
Ground Floor45,6164,238
First Floor4,123383

Rent

DateRent
£988,000

Financial Details

Rent

Rent Reviews Dates – 13th October 2019 and 5 yearly thereafter.

Costs

Each party is to bear their own legal costs incurred in any transaction.

Incentive

The leases on the store and associated dedicated car park are offered for assignment and offers are invited.

Offers will also be considered for a sub-lease of the whole of the store and the associated dedicated car park for a term up to the tenants break date on 13th October 2034.

Alternatively, Morrisons will consider sub-letting the store premises in parts and interested parties should contact the agents to discuss their space requirements and terms. The lease allows retail use, but leisure uses will also be considered subject to planning and landlord’s consent for a change of use.

Service Charge

The on-account liabilities for the current service charge year to 31st December 2019 are as follows:-

• Store - £94,390

• Car park - £152,290

Full details of the current service charge budgets and liabilities are available in the dataroom.

Downloads

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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