Europark was constructed in the late 1980s and is on Blagrove Industrial Estate, 3 miles west of Swindon town centre. It is adjacent to the M4 and 1 mile from Junction 16.
The property comprises two, integrated, modern distribution warehouses with two storey offices. The eaves height is 9.0m. There are six roller shutter loading doors. Externally there are large servicing areas and parking for approximately 111 cars. The area is 70,748 sq ft on a site of 5.17 acres, giving a site coverage of 31%.
Let to a market leading commercial lighting specialist on a long lease.
The tenure is virtual freehold.
Structure
The property is part of the Scarlet Portfolio. See ‘Scarlet Portfolio’ section for further details.
Asset Management/Value-Add
Successful negotiation of dilapidations claim with outgoing tenant.
Refurbishment programmed carried out.
Initially part (unit A) let to existing occupier.
Subsequently negotiated surrender of lease of unit A and granted new 10 year lease of whole building (units A&B).
