Available
Melksham – Retail Shop & Flat
5 Bank Street, Melksham, Wiltshire SN12 6LEFreehold Shop and Residential Investment
Price
£220,000
Rent P.A.
£16,400
Yield
7.45%
Tenure
Freehold
Lease Term
3 Years
Years Left on Lease
Holding Over
Area
1,580 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Attractive Wiltshire market town
- The property is arranged as ground floor shop and one upper floor flat having access from the side.
- Situated in the town centre shopping areas
- Other occupiers serving the town include Waitrose, Superdrug, Barclays, Costa Coffee, Specsavers and Boots
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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)
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 Description
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.
Tenancies & Accommodation
Location Description
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.
