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.
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.