36 Monday Market Street and 52 & 53 New Park Street, Devizes, Wiltshire, SN10 1DW

SITUATION
Occupying a prominent position in this historic market town and adjoining the main pedestrianised shopping street of The Brittox which houses such multiple retailers as Boots, Iceland, Caffe Nero, Holland & Barrett, Specsavers, Jennings Bet, Timpson and Card Factory.
Devizes is an affluent market town located approx. 20 miles east of Bath and 19 miles south-west of Swindon.

PROPERTY
A mid terraced building comprising a Large Ground Floor Retail Unit with internal access to Ancillary Accommodation on the first floor and separate rear communal access to 2 Self-Contained Flats (see Note 2) on the second floor.
In addition, the Retail Unit has a rear customer entrance and the property includes a rear loading/parking area accessed via a communal service road.

VAT is applicable to this Lot

FREEHOLD
ACCOMMODATION

36 Monday Market Street - Ground Floor Retail Unit
Gross Frontage 46'0"
Built Depth 103'0"
Area Approx. 5,791 sq ft¹
First Floor Ancillary
Area Approx. 4,942 sq ft¹
Total Area Approx. 10,733 sq ft

52 New Park Street - Second Floor Flat
2 Bedrooms, Living Room/Kitchen/Diner, Bathroom/WC
Area Approx. 667 sq ft²

53 New Park Street - Second Floor Flat
3 Bedrooms, Living Room/Kitchen/Diner, Bathroom/WC
Area Approx. 818 sq ft²

¹Area taken from VOA.

²Not internally inspected by Barnett Ross. Area taken from EPC.

TENANCY
The entire property is let on a full repairing and insuring lease to Marks & Spencer PLC (having over 1,000 UK owned & Franchise Stores) (T/O for Y/E 30/03/24 £12.897bn, Pre-Tax Profit £687m and Shareholders' Funds £4.748bn) for a term of 25 years from 28th February 2005 at a current rent of £84,655 per annum exclusive.

Note 1: The Tenant did not operate their February 2025 Break Clause.

Note 2: The 2 Flats are each underlet for a term of 99 years from 29th September 1985 at a peppercorn ground rent. Therefore, there are 2 Valuable Reversions in approx. 59 years.

Note 3: 6 Week Completion