Magnet, Athena Avenue, Elgin Industrial Estate, Swindon SN2 8HQ
sold
£ Confidential
Nov 2023
Acting on behalf of a pension fund client, AP Investment has recently sold a single let trade counter investment on Athena Avenue, Swindon.
The 9,990 sq ft unit is located on Elgin Industrial Estate on a prominent site at the junction with Cirencester Way. A wide range of national trade counter operators are in the immediate location such as Travis Perkins, Screwfix and SIG.
The detached unit has been occupied by Magnet for over 50 years. Magnet Ltd currently occupy on a 10 year lease from June 2014. The passing rent is £72,000 per annum.
The property was sold for in excess of the asking price having received strong investor interest.
The purchaser was represented by Csquared.
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