| Property Type | Investment |
| Tenure | For Sale |
| Size | 1,609 sq ft |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Retail investment let to long standing local tenant.
Key Features
- Attractive investment opportunity
- Long standing tenant
- Whole building let on single lease
- Rental income of £19,000 per annum
- £225,000. No VAT
Description
1 Maryport Street in an imposing Grade II Listed end of terrace building. It's main retail frontage is to Maryport Street with a side access from Monday Market Street.
Internally, there is an extensive basement and a ground floor used as the retail shop, jewellery workshop and ancillary staff facilities. On the first and second floors is a 4 bedroomed residential accommodation.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Basement - Storage | 805 | 74.79 | Available |
| Ground - Retail area | 415 | 38.55 | Available |
| Ground - Workshop / store | 389 | 36.14 | Available |
| 1st - Kitchen | 104 | 9.66 | Available |
| 1st - Lounge | 311 | 28.89 | Available |
| 1st - Storage | 301 | 27.96 | Available |
| 2nd - Bedroom 1 | 124 | 11.52 | Available |
| 2nd - Bedroom 2 | 142 | 13.19 | Available |
| 2nd - Bedroom 3 | 139 | 12.91 | Available |
| 2nd - Utility space | 69 | 6.41 | Available |
| 2nd - Bathroom / WC | 64 | 5.95 | Available |
| 2nd - Bedroom 4 | 160 | 14.86 | Available |
| Total | 3,023 | 280.83 |
Location
Devizes is a busy market town located on the A361 giving access to Swindon approximately 18 miles to the north east; Chippenham approximately 11 miles to the north west and Marlborough approximately 9 miles to the east. To the south, Andover is approximately 32 miles south east via the A342 and Salisbury approximately 24 miles south via the A360.
The property is located at the north western end of Maryport Street, opposite the pedestrianised main shopping street of The Brittox. Adajcent occupiers include M & S Foodhall, Boots, Johnson Dry Cleaners and a number of local and national Charity shops.
Terms
The property is to be sold freehold, subject to the existing lease, details of which are set out below.
Lease
The whole property is let by way of a lease dated 5th March 2025 and granted to Ruth Klomp and Rachel Sarah Nield for a Term of 10 years commencing 1st April 2024. Both the Landlord and Tenant have the option to terminate the lease on the 31st march 2029, by giving no less that 6 months prior Notice to the other party. The current rent passing is £19,000 per annum which is subject to review on the 1st April 2029. The lease contains Tenant full repairing terms. A copy of the lease is available from the agent on request.
Price
£225,000. The property is not elected for VAT, so no VAT is payable on the purchase price.
Tenant profile
The occupying business is a jewellery shop trading as HJ Johnson Ltd. The business was founded in 1866 becoming incorporated in 1973. It is a very well established and popular Devizes shop and business retailing the full range of jewellery, watches, clocks etc and also undertaking on site repairs.
Energy Performance Certificate
The property has an Energy Performance Certificate with a rating of 103 in Band E.
Business Rates / Council Tax
The commercial part of the property comprising the basement and ground floor have a Rateable Value effective from 1st April 2026 of £9,500.
The flat at 1 Maryport Street is listed online as being Council Tax Band B.
Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction,
