Delta Business Park, Swindon

Full Description

The property comprises a detached headquarters office building arranged on ground and one upper floor, occupying a highly prominent 2.24 acre site, equating to a very low site coverage of 16%. The specification includes raised floor access, suspended ceilings and LED lighting throughout. There are 125 car parking spaces including 19 EV charging points, equating to a car parking ratio of 1:256 sq ft.

The entire ground floor of the property is let on a renewed lease to Renesas Design (UK) Ltd on a lease from 27th December 2024 expiring 26th December 2031, incorporating a tenant break on 26th December 2028 upon 6 months’ notice. The passing rent is £207,981 per annum reflecting £13.34 per sq ft. The lease is FRI subject to a Schedule of Condition. The tenant formerly occupied the entire building and has been in occupation since 1985. The first floor extends to 16,049 sq ft and is currently vacant, and available for immediate occupation.

The property is held on a long lease from Swindon Borough Council for a term of 125 years less 1 day, from 2nd November 1990 (90 years unexpired) at a ground rent of £50,000 per annum, reviewable 5 yearly to 11% of rack rent (25-year term assumption).

Location
Swindon sits equidistant between Bristol and Reading, to the West and East respectively, and is located on junctions 15 and 16 of the M4 motorway. The property occupies a highly prominent location at the heart of Great Western Way, a well established commercial area, approximately 2.6 miles West of Swindon town centre and a short drive North of junction 16 of the M4.

The immediate surrounding area is of mixed commercial nature, including offices, car showrooms, retail warehousing and supermarkets. Occupiers include Audi, Peugeot/Cupra, M&S Foodhall, Pure Gym, TK Maxx, Pets at Home, Dreams and KFC, in addition to office occupiers such as Intergraph UK Ltd, Oxford Brooks University and QA. Travelodge also recently acquired the Campanile Hotel on Delta.

Features

• 32,046 sq ft office building arranged over ground and first floors.
• Situated just 2.3 miles from J16 of the M4 motorway and 2.6 miles from Swindon Town Centre.
• Part let to Renesas Design (UK) Ltd, a 97A rated, ‘very low risk of business failure’ covenant until 2031, subject to a break in December 2028.
• Occupying a highly prominent 2.24 acre site, equating to a very low site coverage of 16%.
• Net income (after ground rent deduction) £157,981 per annum.
• Long Leasehold. 90 years remaining at a ground rent of £50,000 per annum, reviewable 5 yearly to 11% of rack rent (25-year term assumption).
• 16,049 sq ft currently vacant and immediately available to let.

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