Summary - 1 The Plaza, Sanford Street, SWINDON SN1 1HE
44 bed 1 bath Block of Apartments
**Standout Features:**
- Large residential block comprising 28 flats (12 x 1-bed & 16 x 2-bed)
- Potential for expansion with previously granted planning for two additional floors (now lapsed)
- Central location, a short walk from Swindon Train Station with 80+ daily departures to London
- Current rental income of £360,130 per annum, generating a gross initial yield of 6.00%
- Surrounded by vibrant amenities including Tesco, restaurants, and cafes
**Summary:**
Discover a lucrative investment opportunity in the heart of Swindon with this substantial residential block comprising 28 self-contained apartments. This modern, red brick building currently operates as serviced apartments and offers an impressive rental income of £360,130 per year. The property is strategically located just minutes from Swindon Train Station, providing quick access to London Paddington — a perfect draw for both tenants and future owners.
With a possibility for development, previous planning permission was granted in 2017 for an exciting roof extension to create an additional 12 flats. Though this permissions has lapsed, the concept provides a memorable opportunity for growth in an area that is otherwise well-served by amenities such as Tesco Express, cafes, and diverse restaurants, catering to both local families and visitors. Ideal for investors aiming for long-term capital appreciation or as a robust rental asset, this property is not to be overlooked. Explore the potential today, as opportunities in such prime locations are seldom available for long!
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