The property is a 3 storey, end terrace property of mainly brick construction under pitched tiled rooves. The ground floor is currently let to an estate agents and comprises a retail/office area with 2 prominent display windows and to the rear a kitchenette, store and toilet. One parking space is available in the rear car park. Flat 1A is a two bedroom flat on the first and second floor; Flat 1B lies to the rear on ground and first floors is a two bedroom flat.
Location
Marlborough is an attractive market town located at the Junction of the A4 and A346 approximately 11 miles south of Swindon and 18 miles west of Newbury. The property is situated at the junction of New Road, Barn Street and London Road in Marlborough.
Accommodation
Measured in accordance with the RICS Code of Measuring Practice, the property has the following approximate net internal floor areas:-
Ground Floor: Shop/Office/Kitchenette: 1,055 sq ft (98.02 sq m)
Terms
TERMS: The property is held on a long leasehold of 999 years from July 2014 at a peppercorn rent per annum and is offered for sale subject to a 20 year FRI lease to Brearley & Rich from 1/12/2016 at a current rent of £15,000 per annum, subject to rent review on 1/02/2025 and tenant break options. The 2 flats have been sold off, but produce ground rents of £150 p.a. each, increasing to £200 p.a. with effect from 1/1/2030. Total current rental income is £15,300 p.a.
PRICE: Offers over £195,000 are invited for the long leasehold interest, subject to the sublease.
SERVICES: We are advised that all mains services are connected to the property but we have not carried out any tests of services or service appliances.
BUSINESS RATES: Informal enquiries via the Valuation Office website indicates that the property is assessed as follows:-
Description: Shop & Premises Rateable Value (2023): £19,500 Uniform Business Rate (2023/24): £0.499 Full Rates Liability (2023/24): £9,730.50
EPC: There are 3 EPC’s for the property:
GF– Band C (64);
Flat 1A– Band F (31);
Flat 1B– Band F (36).
MONEY LAUNDERING REGULATIONS: Purchasers will be required to provide identity information so Anti Money Laundering checks can be undertaken before an offer can be accepted on any property we are marketing.
LEGAL COSTS: Each party is responsible for their own legal costs in the transactio
Specification
- Self contained estate agency offices
- On site parking
- Close to all Marlborough’s amenities
- Very visible location on A4