- Land & Development
Westbury is an expanding town in West Wiltshire and has a population of approximately 18,000 people. It is situated on the A350 providing good access to Trowbridge (5 miles) and a direct route to the M4 at Chippenham to the north and the A36 and the A303 to the south. Westbury railway station provides a direct link to London Paddington as well as Bristol Bath and Salisbury.
The property is situated approximately 1 mile west of the town centre in a large housing estate close to two schools.
The property consists of a terrace of mixed commercial and residential properties as edged red on the plan incorporated within these details. The subject property is the end of the terrace with the ground floor occupied by a One Stop convenience store, with 2 flats on the upper floors with independent entrances. 1 Queens Square has been sold on 125-year lease which commenced 3/02/1986 at a rental of £10.00 pa without review. Number 4 is vacant.
The ground floor shop is fully fitted as a One Stop convenience store with shop windows to the front, and a service access road to the rear for loading. To the front of the building there is car parking for customers to the convenience store.
The accommodation is as set out below;
Sales area 1,375 sq ft (127.5 sq m)
Storage 210 sq ft (19.5 sq m)
Total 1,585 sq ft (147.0 sq m)
First Floor Flat
Reception 134 x 1211 4.06 x 3.95m
Kitchen 1411 x 72 4.55 x 2.19m
Bathroom 65 x 510 1.96 x 1.78m
Bedroom 1 117 x 97 3.52 x 2.91m
Bedroom 2 117 x 117 3.53 x 3.51 m
Bedroom 3 66 x 511 1.99 x 1.81 m
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.
The freehold of the property is available to purchase, subject to the existing tenancies at a price of £240,000.
The lease to One Stop Stores Ltd (a wholly owned subsidiary of Tesco Stores PLC) is for a period of 15 years on effective full repairing and insuring terms from the 20th March 2016 at a rental of £11,200 per annum. There are tenant break clauses in 2021 and 2026 and rent reviews every five years.
The retail unit is assessed as Shop and Premises with a rateable value of £9,700.
The vacant flat is assessed for council tax in Band A.
VAT is not applicable on the purchase price.
Each party to pay their own legal costs incurred in the transaction.
EPC RATING (This is how energy efficient the property is)
The EPC reports have been commissioned and are awaited.
MONEY LAUNDERING REGULATIONS
Tenants/Purchasers will be required to provide identity information so Anti Money Laundering checks can be undertaken before an offer can be accepted on any property we are marketing.
Strictly by appointment with the agents - Kavanaghs. Please see full property particulars for contact details.