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Freehold Shop and Residential Investment
Comprises a ground floor shop with self-contained flat on first and second floor
Situated in the town centre shopping area
VAT is not applicable to this property
Occupiers nearby include Waitrose, Superdrug, Barclays, Costa Coffee and Boots
Investment Consideration: Gross Initial Yield: 6.98% Rental Income: £19,200 p.a. VAT is not applicable to this property. Comprises a ground floor shop with self-contained flat on first and second floor. Situated in the town centre shopping area. Other occupiers serving the town include Waitrose, Superdrug, Barclays, Costa Coffee, Specsavers and Boots.
Property Description: The property is arranged as ground floor shop with self-contained flat on first and second floor.
The property provides the following accommodation and dimensions: No. 17 High Street (Ground Floor Shop) Gross Frontage: 5.20 m (17'1") Built Depth: 18.30 m (60`0”)
No. 17A (First & Second Floor Flat) Comprises 3 Rooms, Kitchen and Bathroom 72 sq m (775 sq ft)
Tenancy: The shop is at present let to Grylls Adams Ltd t/a Estate Agent for a term of 10 years from 1st March 2015 at a current rent of £12,000 per annum and the lease contains internal repairing and insuring covenants.
The first/second floor residential flat is at present let on an AST to an individual for a term of 12 months from 13th November 2019 at a current rent of £7,200 per annum. Rent deposit held of £600.
Location: Melksham is an attractive Wiltshire market town, located 11 miles east of Bath and 6 miles south of Chippenham. The town is situated on the A350, which provides access to the M4 Motorway (Junction 17) about 11 miles to the north. The property is situated in the town centre shopping areas. Other occupiers serving the town include Waitrose, Superdrug, Barclays, Costa Coffee, Specsavers and Boots.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
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