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AGENT'S DETAILS


Courtyard Retail and Office Investment - UNDER OFFER

For sale: £2,185,000.00|11874 Sq Ft|Retail, Other, Office, Other Property Types & Opportunities, Offices

PROPERTY DETAILS

FOR SALE£2,185,000.00
SIZE11874 Sq Ft
ADDRESS Old Swan Yard, High Street, Devizes, SN10 1AT
TYPERetail, Other, Office, Other Property Types & Opportunities, Offices
TENUREFor Sale Freehold
POSTED ON7th June 2019

DESCRIPTION

Old Swan Yard is a courtyard retail and office development situated in the centre of the market town of Devizes. The property comprises 9 small retail units including a cafe and bakery, a basement restaurant, and two first floor office suites.

INVESTMENT CONSIDERATIONS
1. Established and attractive courtyard retail development in a central area of a busy market town.
2. Part Grade II Listed (4-6 High Street).
3. Fully occupied, with long standing tenants.
4. Good tenant mix including national, regional, and niche local retailers.
5. Approx. 23% the current passing rent secured from 2 national charities with excellent covenants.
6. 7 units with stepped or annual fixed rental uplifts. By end of 2019 rental income £185,000.
7. A range of unexpired terms from 2 to 9 years, average unexpired term of approximately 6 years.
8. Well managed scheme with 100% service charge cost recovery.
9. As the property is Listed, no empty rates liability in the event of any voids.

LOCATION

Location: Old Swan Yard, High Street, Devizes, SN10 1AT

Melksham (6.7 miles)

Chippenham (9.3 miles)

Trowbridge (9.7 miles)

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