Retail premises to let in 18B New Road, Chippenham SN15

Description

The shop is the central unit of a block of 3 shops set in a slightly elevated position, with steps at the front leading up to the entrance doorway. The central door opens into a retail area with steps at the rear leading up to storage space that could be upgrading to office space. There is a single toilet at the rear of the property and a doorway leading out into a shared yard area that includes a parking space for the shop.

Location

New Road is a busy route into the town centre from the north. This property is located on the upper section of New Road that is a busy one way road leading from the Hathaway Retail Park into Chippenham town centre. The property is close to Chippenham railway station with nearby occupiers including Dominos Pizza; Papa John's Pizza, Chinese and Greek take aways and a large Salvation Army charity shop. On the opposite side of New Road are a variety of commercial uses including a dental surgery; veterinary practice; children's day nursery and health related uses.

There is short term (2 hour) free car parking on the opposite side of New Road, or nearby in Union Road. There is longer term pay and display parking available a short distance away adjacent to the railway station.

Tenure

The property is held by way of a lease for a term of 99 years commencing 16th February 1983. There is therefore just under 57 years remaining on the lease. There is a ground rent payable of £10.00 per annum.

The tenant is also liable for a service charge contribution toward the repair and maintenance of the main structure and the cleaning, repair and maintenance of common parts.

Price

£60,000 subject to contract for the benefit of the long leasehold interest with vacant possession.
The property is not registered for VAT, so no VAT is payable on the purchase price.

Business Rates

The Valuation Office Agency website lists the property as having a rateable value of £6,000.

The rateable value is well below the threshold for qualifying occupiers to claim full Small Business Rate Relief.

Legal Costs

Each party will be responsible for their own legal costs incurred in any transaction.