Get brand editions for Jones Robinson Incorporating Martin Walker, Devizes

Commercial Property for sale

Church Street, Calne

Guide Price £800,000

Property Description

Key features

  • FOR SALE
  • Mixed Use Investment
  • Two shops, four flats and a detached three bed cottage
  • Producing a total annualised rent of 44,700

Full description

Tenure: Freehold

A rare opportunity to buy an income producing mixed use investment comprising four flats, a detached cottage and two shops, all on one site, in an attractive setting in the conservation area of Calne in Wiltshire.

- Two shops
- Four flats
- A detached three bed cottage
- Mixed Use Investment
- Producing a total rent of £44,700pa approx. when fully let

 

CURRENT RENTAL INCOME
Residential
Flat one (two bed): £525 pcm
Flat two (two bed): £500 pcm
Flat three (two bed): £500 pcm
Flat four (two bed): £500 pcm
Cottage (three bed): £650 pcm

Commercial
Wong's Chinese take away: £700 pcm
Stationery shop ("Avante Garde"): £350 pcm
Total income stream: £3,725 pcm (£44,700 annualised)
 

LOCATION The property is located in the within the Heritage Quarter, on a quiet one-way street opposite the West gate to St Mary's Church. The property backs onto the Church Street car park for which vehicular access is directly off the A4 and pedestrian access onto Church Street. Church Street enjoys a wide variety of uses including a number of independent retailers, a supermarket, an estate agents, as well as residential properties.

Calne is an expanding town, situated on the A4 between Chippenham (5 miles due West) and Marlborough (8 miles due East). Devizes lies 6 miles to the South. The M4 lies about six miles to the North and is accessed at Junction 17 (Chippenham) or Junction 16 (West Swindon). The population of the town is 23,196 people (2011 Census). 

DESCRIPTION The listed grade II property dates from the early nineteenth century and the main building is constructed over three storeys.A stationery shop and a Chinese takeaway occupy most of the ground floor space with the flats being above and behind. To the rear of the property is the former dairy which the current owners have renovated and extended to form a modern three bed cottage with an attractive courtyard and garden. Pedestrian access to the cottage is via a gated and arched carriage way in the Church Street frontage. 

TENANCIES The residential accommodation is all currently let on six monthly Assured Shorthold Tenancies. The Chinese takeaway is let to Lijian Chi on an effectively full repairing lease which commenced 5th September 2017 for term of 20 years with no break options, five yearly up only reviews and inside the renewal provisions of the 1954 Landlord and Tenant Act. The stationery shop is let to two individuals on a Tenancy at Will, which can be brought to an end by either party with one month's notice. Copies of the leases are available from the agents. 

PERMITTED USE We understand that the current permitted legal use falls into Use Classes A1, A5 and C3 as defined in the Town and Country Planning (Use Classes) Order 1987. 

QUOTING PRICE Offers for the freehold are invited in the region of £800,000.

VAT
We understand that VAT is not currently applicable. We recommend that the prospective tenants establish all VAT implications prior
to entering into any agreement.

COSTS
Each party is to bear its own legal costs in the transaction.

SERVICES
Mains water, drainage and electricity are connected. None of the services or fittings within the building has been tested by the agent.

EPC
Since January 2013, listed buildings have been exempt from the need to produce an EPC for marketing purposes.

ASBESTOS SURVEY
A copy of the asbestos survey will be available from the agent.
 

VIEWING ARRANGEMENTS Available strictly through the sole agents, Jones Robinson incorporating Martin Walker by contacting Jonathan Shortt on (DD) or (Mobile) or email:
 


More information from this agent

Nearest station

  • Chippenham (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Jones Robinson Incorporating Martin Walker, Devizes

3 Wine Street, Devizes, SN10 1AP

01380 593029 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Chippenham (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Jones Robinson Incorporating Martin Walker, Devizes

3 Wine Street, Devizes, SN10 1AP

01380 593029 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 102588035399. 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 Jones Robinson Incorporating Martin Walker, Devizes. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.