- Land & Development
- Block Management
Chippenham is an historic and expanding market town with a community area population of approximately 45,000 people. It is approximately 4 miles south of junction 17 of the M4 via the A350, and the railway station provides access to the London Paddington line.
Consisting of offices within an attractive period property constructed of stone under a pitched tile roof immediately adjoining the staircase and footbridge of the railway line to Chippenham railway station.
Access is via an external stone staircase to the upper ground floor, within which there is an office and reception area. There is a timber stair leading to the first floor which provide a large open plan office area with exposed timber roof joists and double glazed windows on each side. In addition there is a meeting room, kitchen and male and female wc's.
The property, which is held under two leases incorporate 22 parking spaces within the area surrounding the property.
The net internal floor areas have been calculated as follows;
Ground floor 325 sq ft ( 30.18 sq m)
First floor 1777 sq ft (165.09 sq m)
Total 2102 sq ft (195.3 sq m)
We are advised that the building has mains drainage, water and electricity, and has electric heating throughout. 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.
The property is held under two leases both of which are dated the 15th October 2014 and are for a term of 10 years from the 24th June 2014. Our clients have implemented a break clause under the terms of the leases which will expire in April 2019. The leases are on full repairing and insuring terms, and the tenant contributes a due proportion of the overall cost of the maintenance of the structural and common parts by way of a service charge. The tenants right to renew is excluded.
The combined rental under the terms of the two leases is £24,600 per annum (net of VAT).
The rateable value of the building is £15,000 and for the car park, £2,125.
All prices quoted are exclusive of VAT.
Each party to be responsible for their own legal costs.
There is a service charge levied to cover a contribution towards the maintenance of the building and common parts.
EPC RATING (This is how energy efficient the property is)
An EPC has been commissioned and is awaited.
Strictly by appointment with the agents - Kavanaghs. Please see property details for contact information.