13 Sidmouth Street SN10

13 Sidmouth Street SN10

38.4 sq m (412.9 sq ft)

Sheep Street 0 miles
Kwik Fit 0.1 miles
Southbroom Surgery 0.1 miles

NEW REDUCED PRICE: Attractive Investment Property For Sale

Key Features

  • Three Vacant 1 Bedroom Flats
  • Potential Total Rent of £24,500pa
  • Mixed Use Property
  • Central Location

Location

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.

Situational Details
Tenure
Freehold £270,000 Price
Size
38.4 Sq M 412.9 Sq Ft
Type
Investments (Retail, Leisure & Hotels) Investments (Industrial and Warehousing) Investments (Offices and Labs) Investments (Ground Rents)
Carter Jonas reference
20009477
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