Retail premises for sale in The Brittox, Devizes, Wiltshire SN10

A retail and residential investment, comprising a highly visible ground floor shop, a ground floor foot clinic and two self-contained two bed flats, currently producing £35,320 per annum with further income potential.

Location summary

The premises are located on The Brittox (pedestrianized retailing street) with return frontage to Maryport Street (one way street). The shop is situated in a highly visible position between M&S Food and Boots. Devizes is well known for its selection of independent traders and charity shops and is approximately 20 miles due South of Swindon and 24 miles due North of Salisbury. The market town has an urban population of 16,834 people (2021 Census).

Description

The premises comprise a grade II listed building with a large cellar, two ground floor shops with self-contained two flats above, together with unused vacant upper floor commercial space.

Accommodation

Retail Unit 1: 646 sq ft (60 sq m) excluding cellar
Retail Unit 2: 384 sq ft (35.63 sq m)
First floor kitchen (vacant) 100 sq ft (9.31 sq m)
First floor Flat one (two bed) 861 sq ft (80 sq m) gia
Second floor store (vacant) 227 sq ft (21.11 sq m)
Second floor Flat two (two bed) 915 sq ft (85 sq m) gia

Ground and first floor toilets (not measured)

There is a small yard to the rear of the building.
One hour’s free parking is permitted along Maryport Street and there is a loading bay immediately outside the shop.

All measurements NIA (net internal area) unless stated otherwise and are approximate and are recorded in accordance with the RICS Code of Measuring Practice, 6th Edition.

Local taxation

From the 2023 list, the Rateable Values for 16 The Brittox are:
Ground floor: £12,750
Rear section: £3,700
First and second floor: £4,150
Please note that the rv is not the same as the business rates payable. More information may be obtained from

Both flats are in Council Tax Band A.

Tenure

Freehold, currently fully tenanted, save the kitchen and stores on the first and second floors. Unit 1: Five year lease renewed April 2024 to Judy Coom (trading as “Make Do and Mend”) on effectively full repairing and insuring terms at a rent of £15,000 per annum. Unit 2: Five year lease renewed July 2022 to Julia Carter (t/a Devizes Foot Care Centre) on effectively full repairing and insuring terms at a rent of £4,500 per annum. Both flats are let on Assured Shorthold Tenancies. Flat One: £640 pcm (occupied since July 2018) and Flat 2: £670 pcm (occupied since November 2019).

Permitted use

We assume Use Class E and C3 but we have not sought to confirm this.

Other

Each party is to bear its own legal costs in the transaction. We understand from the owner that VAT is not applicable to this sale. The non-domestic EPC for Unit 1,16 The Brittox is a “C”(51) and Unit 2 is a “D”(91) both valid until 28th July 2032. The domestic EPC for Flat One, 16 The Brittox: “D” (56), valid until 27th July 2032
and Flat Two: “D” (61), valid until 27th July 2032. An asbestos survey report is available from the agent. Interested applicants should expect the agent to ask for proof of identity for anti-money laundering purposes.

Details prepared May 2024<br /><br />