NEW REDUCED PRICE: Attractive Investment Property For Sale
Three Vacant 1 Bedroom Flats
Potential Total Rent of £24,500pa
Mixed Use Property
The town of Devizes has a population of approximately 11,715 and is within the county of Wiltshire. The town is a popular market town with a growing tourism sector with attractions such as Caen Hill Locks, The Kennet and Avon Canal, Avebury and Stonehenge all being situated nearby.
The property is situated on Sidmouth Street with a range of uses nearby including Sainsburys and Walter Rose and Sons Butchers.
Terms & Conditions
The freehold interest in the property is for sale with the benefit of a commercial lease on the ground and basement floors and vacant possession on the residential element of the property.
The commercial lease is dated 2nd June 2016 between Curo Places Limited and Nick Sims. The key terms are outlined below:
Term: 20th August 2015 to 31st May 2018 Rent: £6,500 per annum paid quarterly Repairs: Effectively full repairing by way of a service charge Rent Reviews: Every 30 month period Break Options: None Security of Tenure: Yes
Nick Sims, trading as TaxAssist Accountants, has been the tenant in the retail unit since at least 2010.
The flats are currently vacant and in need of some refurbishment. Once refurbished they could be let at around £500PCM each.