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Melksham is a Wiltshire market town located 6.5 miles south of Chippenham and 11 miles east of Bath. The town is located on the A350 which provides access to Junction 17 of the M4 Motorway, 11 miles to the north. The A350 provides good access throughout the region and links to the A303 dual carriageway. The premises are situated in a densely populated residential area.
The property was purpose built for Wickes in 2007 who trade it as their Wickes Extra format In total it provides approximately 54,096 sq ft of accommodation and has parking for 196 cars showing a ratio of 1:270 sq ft.
Location Catherine Street is a popular, good secondary shopping location enjoying excellent footfall. The property is situated towards the southern end of Catherine Street within a convenient distance of the Market Square and all the City s amenities. There is pay and display on-road parking nearby and multi-storey car parking adjacent to the Old George Mall which lies to the west of Catherine Street and also at Culver Street to the east. Nearby occupiers include Specsavers, Cash Converters, Traveller s World, Southons as well as a number of other local occupiers.
The property is arranged over two storeys. The ground floor comprises of a banking hall, back office functions, interview rooms and staff welfare facilities. The first floor is currently sublet to a Dental Practise. Tenure The property is held on an existing fully repairing and insuring lease for a term of 99 years expiring 15/08/2079. The current passing rent is £7,500 per annum subject to 5 yearly rent reviews. The first floor is currently sublet to Stephen Paul Thomas and David Anthony Huws. The first-floor tenants are currently holding over at a passing rent of £14,000 per annum. Price The property is available by way of assignment. Quoting premium, offers in the region of £115,000 exclusive. Legals Each party to bear their own legal costs. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £27,250 and the rates payable are £13,052.75 pa. The UBR for 2017/2018 is 47.9p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Currently there are 18 available shops in Wiltshire for sale.
Long Leasehold Interest For Sale
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