Retail premises for sale in Bank Street, Melksham SN12

Fixed price £220,000 (£139.24/sq. ft)
Retail premises for sale 1,580 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Freehold Shop and Residential Investment
  • Comprises ground floor shop and one upper floor flat accessed from the side
  • Situated in the town centre shopping areas
  • Attractive Wiltshire market town
  • VAT is not applicable to this property
  • Other occupiers serving the town include Waitrose, Boots, Barclays and others

Property description

Investment Consideration:
Gross Initial Yield: 7.45%
Rental Income: £16,400 p.a.
VAT is not applicable to this property.
Attractive Wiltshire market town.
The property is arranged as ground floor shop and one upper floor flat having access from the side.
Situated in the town centre shopping areas.
Other occupiers serving the town include Waitrose, Superdrug, Barclays, Costa Coffee, Specsavers and Boots.

Property Description:
The property is arranged as ground floor shop and one upper floor flat having access from the side.

The property provides the following accommodation and dimensions:
No. 5 (Ground Floor Shop)
Gross Frontage: 6.75 m (22'2")
Built Depth: 12.50 m (41'0")

No. 5a (First Floor Flat)
Comprises 2 Rooms, Kitchen and Bathroom
63 sq m (678 sq ft)

Tenancy:
The shop is at present let to Individual t/a Bluebell Ladieswear for a term of 3 years from 20th July 2017 at a current rent of £11,000 per annum and the lease contains internal repairing and insuring covenants. Rent deposit held of £2,750.

The first floor residential flat is at present let on an AST to an individual for a term of 12 months from 1st September 2017 (Holding Over) at a current rent of £5,400 per annum.

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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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