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AGENT'S DETAILS


Melksham – Freehold Shop and Residential Investment

For sale: £220,000.00|1580 Sq Ft|Flat, General Retail, Retail - High Street, Mixed Use, Residential, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£220,000.00
SIZE1580 Sq Ft
ADDRESS5 Bank Street, Melksham, Wiltshire SN12 6LE
TYPEFlat, General Retail, Retail - High Street, Mixed Use, Residential, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
The property is arranged as ground floor shop and one upper floor flat having access from the side.
Attractive Wiltshire market town.
Situated in the town centre shopping areas.
VAT is NOT applicable to this property.
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.

LOCATION

Location: 5 Bank Street, Melksham, Wiltshire SN12 6LE

Melksham (0.5 miles)

Trowbridge (4.9 miles)

Bradford-on-Avon (5.3 miles)

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