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AGENT'S DETAILS


Trowbridge – Freehold Shop and Residential Ground Rent Investment

For sale: £90,000.00|368 Sq Ft|Residential, Flat, General Retail, Retail - High Street, Mixed Use, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£90,000.00
SIZE368 Sq Ft
ADDRESS2 Church Street, Trowbridge, Wiltshire BA14 8DR
TYPEResidential, Flat, General Retail, Retail - High Street, Mixed Use, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
Comprises a shop and two flats.
Situated in an established trading location within the town centre.
The property is arranged on ground and two upper floors to provide a ground floor shop with two flats above sold off on long leases.
VAT is NOT applicable to this property.
Occupiers close by include The Post Office, Coral and Oxfam, amongst many others

Property Description:
The property is arranged on ground and two upper floors to provide a ground floor shop with two flats above sold off on long leases.

The property provides the following accommodation and dimensions:
Ground Floor Shop: 34.19 sq m (368 sq ft)
Gross Frontage: 4.57 m (15’1”)

Tenancy:
The shop is at present let to KAC Petrie for a term of 5 years from 1st November 2016 at a current rent of £7,000 per annum and the lease contains full repairing and insuring covenants. The first and second floor residential flats are sold off on long leasehold to an individual for a term of 125 years from 28th September at a current ground rent of £100 per annum (£50 per annum for each flat).

Location:
Trowbridge is a prosperous Wiltshire town and administrative centre situated on the A361, about 9 miles south-east of Bath, 21 miles south-east of Bristol and 16 miles south of the M4 Motorway (Junction 17). The town serves a population of some 33,000 and enjoys regular rail services (Bristol Temple Meads 32 minutes). The property is situated on the east side of Church Street, an established trading location, in between its junctions with Silver Street and Church Walk. Occupiers close by include The Post Office, Coral and Oxfam, amongst many others.

LOCATION

Location: 2 Church Street, Trowbridge, Wiltshire BA14 8DR

Trowbridge (0.3 miles)

Bradford-on-Avon (2.6 miles)

Avoncliff (3.5 miles)

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