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£185,000
Corsham, Wiltshire, A TOWN CENTRE COMMERCIAL INVESTMENT
Price:
£185,000 Get Prequalified Today
Contact:
01380 723451
Location:
Corsham, Wilts
Description:
A TOWN CENTRE COMMERCIAL INVESTMENT OPPORTUNITY COMPRISING RETAIL/RESTAURANT PREMISES IN A HIGH STREET LOCATION
EXISTING BUSINESS NOT AFFECTED
LOCATION
The property occupies a prominent trading position with frontage on to the High Street in the centre of the popular North Wiltshire Market Town of Corsham. Famous for its historical buildings and traditional village style the town benefits from a thriving High Street with its variety of individual shops, cafs and public houses and of added benefit is the fact that Corsham Court, which is a very popular tourist attraction, is located within a very short distance.
The nearby centres of Chippenham and Bath are also within easy reach of the town, which in recent years has had a rapidly expanding residential population.
DESCRIPTION
55A High Street, Corsham comprises a ground floor lock-up shop forming part of an imposing town centre property built having part brick, part stone and part rendered elevations beneath a tiled roof. The property which is offered for sale as a town centre investment opportunity and let as an established restaurant and pizzeria in accordance with the terms of a 15 year lease which commenced with effect from 21st November 2005.
ACCOMMODATION
(All Measurements Approximate)
Ground floor access and entrance into main dining area with seating for approximately 40. Tiled floor and bar/servery area.
Male and female toilet accommodation and then access through to fully fitted kitchen to the rear.
Restaurant 760 sq ft (70.65 sq m)
Kitchen 173 sq ft (16.13 sq m)
SERVICES
Mains services including water, electricity and drainage are connected or are available for connection.
BUSINESS RATES
Rateable Value:7,700
Rates Payable:3,334 (2011/2012)
TENURE
Our client's interest is long leasehold for the residue of a term of 999 years from the 1st January 2004 at a rental of 10 per annum.
The premises are let by our client to Mathew De Michelle VLP (Corsham) Ltd for a term of 15 years from 21st November 2005 at an initial annual rental of 16,200.
The occupational lease allows for the landlord to review the rental as at the 21st November 2015.
Both Directors are guaranteeing the terms of the lease.
PRICE GUIDE
185,000 (one hundred and eighty five thousand pounds) - for the long leasehold interest in the property subject to the terms of the aforementioned tenancy agreement.
LEGAL COSTS
Each party will be responsible for payment of their own legal costs incurred as a result of the transaction.
VIEWING
Strictly by appointment with the sole letting agents.
Strakers Strakers
Commercial Department6 High Street
6/7 Market Place Corsham
Devizes Wiltshire
Wiltshire SN13 0HB
SN10 1HT
Tel: 01380 723451 Tel: 01249 712039
For the attention of Andrew Martin
(click to respond)
This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Property Type:
Commercial & Office Space for Sale
Sq feet:
760 sq. ft.
For sale by:
Agent/Broker
Phone:
01380 723451
Posted:
Contact:
01380 723451
-
Let me know if you have any questions. – Strakers
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More About this Listing: Corsham, Wiltshire, A TOWN CENTRE COMMERCIAL INVESTMENT
Corsham, Wiltshire, A TOWN CENTRE COMMERCIAL INVESTMENT is a Commercial Property for Sale in Corsham WIL. Find other listings like Corsham, Wiltshire, A TOWN CENTRE COMMERCIAL INVESTMENT by searching Oodle Marketplace for Commercial Property for Sale in Corsham WIL.
Corsham, Wiltshire, A TOWN CENTRE COMMERCIAL INVESTMENT is a Commercial Property for Sale in Corsham WIL. Find other listings like Corsham, Wiltshire, A TOWN CENTRE COMMERCIAL INVESTMENT by searching Oodle Marketplace for Commercial Property for Sale in Corsham WIL.