29 Bank Street, Melksham
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- Mixed-Use Asset Management Opportunity
- Ground Floor Retail with 2 x Two Bed Flats
- One Flat Let - Remainder Vacant
- Asset Management Potential Via Letting
- ERV Approx. £40,000 per annum
- Established and Popular Location
- VAT-Free Investment
- Investment Let at £9,600 p.a. with Retail Unit and One Flat Vacant
- Guide Price Reflects 18% Gross Yield on ERV
Description
Arranged as a ground floor and basement retail unit with 2 x large two bedroom flats to the upper parts, the property is part let, with one flat let on an Assured Shorthold Tenancy (AST) at £9,600 per annum (£800 pcm). The remainder of the property is vacant offering evident asset management potential via letting, with the commercial unit suitable for a variety of occupiers. We consider the property has an estimated rental value (ERV) of approx. £40,000 per annum.
The property occupies a prominent high footfall pitch in the centre of Melksham close to the junction with the High Street and Lowbourne. The surrounding area is characterised by similar mixed-use properties with nearby occupiers including Costa, Iceland and Greggs.
Brochures
29 Bank Street, Melksham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Melksham Station0.5 miles
- Trowbridge Station5.0 miles
- Bradford-on-Avon Station5.4 miles
Notes
Disclaimer - Property reference 69DAE0B8-1905-4195-8C5A-A25B5B7FFE05. 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 Savills, Savills, Auctions. 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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