| Property Type | Investment / Offices / Other / Retail |
| Tenure | For Sale |
| Size | 3,064 sq ft |
| Energy Performance Rating | This property has been graded as E (55) |
Popular retail arcade in prominent High Street location adjacent to Borough Fields shopping centre
Key Features
- Freehold mixed-use investment
- 7 Commercial units + 2 flats, fully let
- 6 space car park (presently non income producing)
- Current income £64,950 pa
- £675,000 + VAT
- 3064 sq. ft + Car Park
Description
Merchants House is a mixed use Freehold Grade 2 Listed retail parade, leading to Borough Fields shopping centre, comprising 7 no. commercial units and 2 no. flats.
The car park comprises a secure 6 space car park presently occupied by the Merchant’s House commercial tenants on annual terminable Leases at nil rent.
Available area
The accommodation comprises the following areas measured on a gross internal basis (GIA):
| Name | sq ft | sq m |
|---|---|---|
| Ground - Unit 1 | 404 | 37.53 |
| Ground - Unit 2 | 640 | 59.46 |
| Ground - Unit 3 | 369 | 34.28 |
| Ground - Unit 4 | 135 | 12.54 |
| Ground - Unit 5 | 205 | 19.05 |
| 1st - Flat A | 389 | 36.14 |
| 1st - Flat B | 528 | 49.05 |
| 1st - Unit 6 | 221 | 20.53 |
| 1st - Unit 7 | 173 | 16.07 |
| Total | 3,064 | 284.65 |
Location
Royal Wootton Bassett is located about 2 miles from junction 16 of the M4 Motorway and is only 5 miles from Swindon Town Centre, where the central railway station offers a direct rail link to London Paddington.
The property is in a popular and thriving market town with a population of c. 13,500. The High Street offers free public parking (2 hours).
Terms
The property is available to purchase freehold subject to, and with the benefit of, the existing tenants – see attached schedule.
Price
£675,000 + VAT. AML checks will be undertaken.
Legal Costs
Each party is to be responsible for their own legal and other costs incurred in the transaction.
Viewing
Strictly by appointment with the sole agents, Loveday Ref : Philip Loveday, Tel : 07774 908467.
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