Market Lane, Malmesbury, Wiltshire, SN16

LOCATION
The busy market town of Malmesbury is located approximately 10 miles north of Chippenham, 11 miles south west of Cirencester and 15 miles west of Swindon, with Junction 17 of the M4 Motorway some five miles to the south. The property is situated in a primary trading position in the main shopping street. Nearby multiples include W.H Smith, Post Office, Boots Pharmacy, Co-op and Coffee #1.
DESCRIPTION
The property comprises a semi detached self contained retail unit in a prime position in The Market Cross which is at the top of the High Street.

The accommodation comprises an open plan ground floor lock up shop with separate basement store rooms and further stores on the first floor. There is a wc's beyond the main retail area.

ACCOMMODATION
In accordance with the RICS Code of Measuring Practice (6th Edition) the property has been measured on a net internal area basis and the floor areas have been calculated as follows;

Retail unit 860 sq ft (79.9 sq m)


SERVICES
We are advised that mains drainage, water and electricity are connected. However, we have not verified the existence or tested any of the service installations and advise that interested parties make their own investigations as to their state and condition.

TENURE
The freehold of the property is for sale at the asking price of £125,000, exclusive of vat if applicable, subject to the existing 10 year full repairing and insuring lease to Leonard Walker which expires 27 September 2028 at a passing rent of £10,000 pax. The tenant has been in occupation for over 20 years. The 2023 rent review is outstanding so there may be scope for enhancement.

RATES
The Valuation Office Website describes the property as 'Shop and Premises' with a rateable value of £14,500. The rates that you pay will depend upon individual circumstances of your business. Enquiries should be made to the local billing authority - Wiltshire Council.

LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.

PLANNING
The premises most recent use was that of A1 Retail for the ground floor.

EPC RATING (This is how energy efficient the property is)
In accordance with the regulations, an EPC has been requested.

VIEWING
Contact: Stephen Brickell
Tel:
Email: