| Property Type | Offices |
| Tenure | For Sale |
| Size | 39,600 sq ft |
| Energy Performance Rating | Upon enquiry |
Arclite House offers a unique opportunity to purchase an award winning building benefitting from a striking design and excellent parking.
Key Features
- Freehold opportunity
- Well located office building with good access to J16 M4 motorway
- Multi let opportunity
- Prominent roadside position on B4534 (Mead Way)
- Purpose built HQ Building totalling approx. 39,600 sq ft
- Site area 2.69 acres (1.09 ha)
- Excellent car parking ratio 1:193 sq ft
- Rental income from Cartus Limited
- Potential for alt. uses / further development subject to planning
Description
Arclite House offers occupiers a unique opportunity to occupy an award winning building in a pleasant lakeside location with excellent parking provision. In 2023 the building went through various upgrades to include a newly installed roof covering, newly installed M&E equipment and new LED lighting throughout.
The property offers 205 car parking spaces which equates to a parking ratio unrivalled in the local market.
Available area
The accommodation comprises of the following areas measured on a net internal basis:-
| Name | sq ft | sq m |
|---|---|---|
| Unit - 1 | 23,314 | 2,165.94 |
| Unit - 2 | 5,256 | 488.30 |
| Unit - 3 | 11,029 | 1,024.63 |
| Total | 39,599 | 3,678.87 |
Location
Swindon is a major commercial centre located between junctions 15 and 16 of the M4 motorway. The town is popular with major employers including Nationwide Building Society, Zurich, Network Rail and The National Trust.
The town centre rail station offers a direct high speed link to London Paddington where, following electrification, the travel time is 50 minutes.
Viewings
Strictly by prior appointment with the sole agents, Loveday.
Proposal
We are instructed to quote a guide price of £3.5 M plus VAT for the freehold interest in the property with the benefit of the existing lease to Cartus Limited, which represents a low Capital Value of £88 psf overall.
Tenancies
Units 1 and 2 Arclite House are currently vacant. Unit 3 is occupied by Cartus Ltd (01431036) for a term of 10 years from 30th August 2022. There is a tenant only break at 30th August 2027, subject to 6 months prior written notice. There is an upwards only rent review at the 5th anniversary. The lease is subject to a schedule of condition. Further information on rent payable is avaliable from the agent.
Business Rates
Further information is available from the agent.
EPC
Unit 1 D - 90 expires May 2026
Unit 2 B -36 expires July 2032
Unit 3 B - 33 expires July 2032
Service Charge
Further information on the building and estate service charge is available from the agents.
VAT
We are informed that VAT is applicable to the sale price.
