11 New Road, Chippenham, Wiltshire, SN15 1HJ
£275,000
£938.57 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
293-669 sq ft
27-62 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops
A1
Key features
- Central location
- Two retail units & first floor flat
- Of interest to occupiers and investors
- Current income £3.9k
- Potential additional income of £18k
Description
LOCATION
Chippenham is a popular and expanding town situated approximately 4 miles south of Junction 17 of the M4 motorway. The town has a current population in the region of 40,000 people.
The property is located at the bottom end of the upper section of New Road, close to the railway arches.
New Road to the front of the property is one way leading into Chippenham. At the rear of the property is a railway embankment.
DESCRIPTION
The whole property comprises two ground floor retail units and a self-contained residential flat on the first floor, extending over both shops.
The property is constructed of Ashlar block under a recently replaced flat roof.
The two retail units are either side of a doorway and stairs leading up to the first floor flat.
There is a side gate leading to the rear of the property that has an area of patio slabs and gravel and a retaining wall to the railway embankment.
The roof of the building has recently been replaced and benefits from a warranty.
11a New Road
This vacant retail unit has a regular shape sales area with a small triangular storage area at the rear together with a single toilet.
The retail area has carpet tile floor covering and fluorescent strip lighting and wall mounted electric heaters.
11c New Road
This retail unit is triangular in shape with vinyl floor covering and fluorescent tube lighting.
The shop has a single toilet.
First floor flat
The flat is in excellent condition and comprises a large open plan kitchen / living room; a toilet / bathroom and 3 bedrooms.
The kitchen has a new wood laminate floor covering; new wall tiling and new doors fitted to cupboard and drawer units.
The fitted oven and hob; washing machine, drier and dishwasher are included in the sale.
The remainder of the flat has recently been completely redecorated and has newly fitted carpets and has upvc double glazed windows and an electric central heating system.
There is built in storage space within the boiler cupboard in Bedroom 3 and in cupboard in the landing area outside Bedroom 3.
The toilet / bathroom have new fittings including a bath with overhead shower and a wall unit with integral electric shaver socket point and USB socket.
ACCOMMODATION
11a New Road
Sq M Sq Ft
Retail area 35 376
Kitchen / store 5.64 61
WC
11c New Road
Sq M Sq Ft
Retail area 27.24 293
Store 1.38 15
WC
First floor flat
Kitchen 3.11m x 2.96 m
Living area 3.11m x 4.74 m
Bedroom 1 3.71m x 2.46 m
Bedroom 2 2.67 m (av) x 3.0m
Bedroom 3 2.74 m x 2.42 m
Bathroom / WC 1.76 m (av) v 2.86m (av)
CAR PARKING
The property ownership extends into the pavement area in front of the property where it is possible to park at least 2 vehicles.
TENURE
The whole property owned freehold.
The shop at 11a and the first floor flat are being sold with vacant possession.
The shop at 11c is currently occupied by tenants who are "holding over" on a tenancy that expired on 26th September 2023.
The tenants are paying a rent of £3,900 per annum.
A copy of the Tenancy Agreement is available from the agent on request.
POTENTIAL INCOME
The residential flat has a rental income potential of around £950 per calendar month.
The vacant shop at 11a has a potential rental income of around £6,500 to £7,000 per annum.
The shop at 11c has a current rental value of around £4,500 per annum.
TERMS
The property is offered for sale freehold subject to the tenancy of shop unit 11c.
PRICE
£275,000, subject to contract.
We are informed that the property is not elected for VAT, therefore there is NO VAT on the sale price.
BUSINESS RATES/ COUNCIL TAX
The Valuation Office Agency website lists the shops as having the following Rateable Values effective from 1st April 2023.
Shop Rateable Value
11a £6,800
11c £3,800
The GOV.UK website lists the flat as being in Council Tax Band A.
ENERGY PERFORMANCE CERTIFICATES
The property has the following Energy Performance Certificates registered to it:
Shop Unit 11a
Rating of 57 in Band C
Shop Unit 11c
Rating of 67 in Band C
First floor flat
Rating of 64 in Band D
LEGAL COSTS
Each party shall be responsible for their own legal costs incurred in any transaction.
Chippenham is a popular and expanding town situated approximately 4 miles south of Junction 17 of the M4 motorway. The town has a current population in the region of 40,000 people.
The property is located at the bottom end of the upper section of New Road, close to the railway arches.
New Road to the front of the property is one way leading into Chippenham. At the rear of the property is a railway embankment.
DESCRIPTION
The whole property comprises two ground floor retail units and a self-contained residential flat on the first floor, extending over both shops.
The property is constructed of Ashlar block under a recently replaced flat roof.
The two retail units are either side of a doorway and stairs leading up to the first floor flat.
There is a side gate leading to the rear of the property that has an area of patio slabs and gravel and a retaining wall to the railway embankment.
The roof of the building has recently been replaced and benefits from a warranty.
11a New Road
This vacant retail unit has a regular shape sales area with a small triangular storage area at the rear together with a single toilet.
The retail area has carpet tile floor covering and fluorescent strip lighting and wall mounted electric heaters.
11c New Road
This retail unit is triangular in shape with vinyl floor covering and fluorescent tube lighting.
The shop has a single toilet.
First floor flat
The flat is in excellent condition and comprises a large open plan kitchen / living room; a toilet / bathroom and 3 bedrooms.
The kitchen has a new wood laminate floor covering; new wall tiling and new doors fitted to cupboard and drawer units.
The fitted oven and hob; washing machine, drier and dishwasher are included in the sale.
The remainder of the flat has recently been completely redecorated and has newly fitted carpets and has upvc double glazed windows and an electric central heating system.
There is built in storage space within the boiler cupboard in Bedroom 3 and in cupboard in the landing area outside Bedroom 3.
The toilet / bathroom have new fittings including a bath with overhead shower and a wall unit with integral electric shaver socket point and USB socket.
ACCOMMODATION
11a New Road
Sq M Sq Ft
Retail area 35 376
Kitchen / store 5.64 61
WC
11c New Road
Sq M Sq Ft
Retail area 27.24 293
Store 1.38 15
WC
First floor flat
Kitchen 3.11m x 2.96 m
Living area 3.11m x 4.74 m
Bedroom 1 3.71m x 2.46 m
Bedroom 2 2.67 m (av) x 3.0m
Bedroom 3 2.74 m x 2.42 m
Bathroom / WC 1.76 m (av) v 2.86m (av)
CAR PARKING
The property ownership extends into the pavement area in front of the property where it is possible to park at least 2 vehicles.
TENURE
The whole property owned freehold.
The shop at 11a and the first floor flat are being sold with vacant possession.
The shop at 11c is currently occupied by tenants who are "holding over" on a tenancy that expired on 26th September 2023.
The tenants are paying a rent of £3,900 per annum.
A copy of the Tenancy Agreement is available from the agent on request.
POTENTIAL INCOME
The residential flat has a rental income potential of around £950 per calendar month.
The vacant shop at 11a has a potential rental income of around £6,500 to £7,000 per annum.
The shop at 11c has a current rental value of around £4,500 per annum.
TERMS
The property is offered for sale freehold subject to the tenancy of shop unit 11c.
PRICE
£275,000, subject to contract.
We are informed that the property is not elected for VAT, therefore there is NO VAT on the sale price.
BUSINESS RATES/ COUNCIL TAX
The Valuation Office Agency website lists the shops as having the following Rateable Values effective from 1st April 2023.
Shop Rateable Value
11a £6,800
11c £3,800
The GOV.UK website lists the flat as being in Council Tax Band A.
ENERGY PERFORMANCE CERTIFICATES
The property has the following Energy Performance Certificates registered to it:
Shop Unit 11a
Rating of 57 in Band C
Shop Unit 11c
Rating of 67 in Band C
First floor flat
Rating of 64 in Band D
LEGAL COSTS
Each party shall be responsible for their own legal costs incurred in any transaction.
Brochures
11 New Road, Chippenham, Wiltshire, SN15 1HJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chippenham Station0.1 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 11NewRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Huw Thomas Commercial, Chippenham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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