£640,000
Block of flats for sale
Property photos
£640,000
(£270.48/sq. ft)
Block of flats for sale
Market Place, Chippenham SN152,551 sq. ft
Local area information
Property location
Nearby amenities
- Ivy Lane Primary School 0.3 miles
- Monkton Park Primary School 0.3 miles
- Chippenham 0.3 miles
- Melksham 5.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Chippenham to find out more about the local area.
Features and description
- Mixed-use
- Fully let
- Freehold investment property
- High yield
We are pleased to market this excellent investment opportunity.
The property is an attractive Grade II Listed building in the heart of Chippenham. There are two commercial units on the ground floor and 4 flats on the first and second floors. The larger commercial unit is let to a convenience store and the smaller one is let to a barber. The various units ore self-contained and well presented. We understand that there is a cellar under the commercial units which is accessed through a trapdoor.
The current passing rent is £63,250. We believe that the flats are currently underlet and that the total rent can be increased to £69,550.
Property summary :
- Freehold
- Total NIA 237 sqm/ 2,551 sq ft
- Passing rent £63k
- erv of £69.5k
- Not subject to VAT.
Location:
Chippenham is a thriving and expanding Wiltshire market town with a population of 46,000. It is situated 14 miles northeast of Bath, 28 miles east of Bristol and 27 miles south west of Swindon. It has a mainline railway station with regular services to London and Bristol.
The property is situated at the north-eastern end of Market Place, overlooking High Street. This pedestrianized section of Market Place is used to house a weekly market on Friday and Saturday.
Occupiers in the immediate vicinity include Iceland, Savers, The Flying Monk public house, Nationwide and Halifax building societies and the Angel Hotel.
The property is an attractive Grade II Listed building in the heart of Chippenham. There are two commercial units on the ground floor and 4 flats on the first and second floors. The larger commercial unit is let to a convenience store and the smaller one is let to a barber. The various units ore self-contained and well presented. We understand that there is a cellar under the commercial units which is accessed through a trapdoor.
The current passing rent is £63,250. We believe that the flats are currently underlet and that the total rent can be increased to £69,550.
Property summary :
- Freehold
- Total NIA 237 sqm/ 2,551 sq ft
- Passing rent £63k
- erv of £69.5k
- Not subject to VAT.
Location:
Chippenham is a thriving and expanding Wiltshire market town with a population of 46,000. It is situated 14 miles northeast of Bath, 28 miles east of Bristol and 27 miles south west of Swindon. It has a mainline railway station with regular services to London and Bristol.
The property is situated at the north-eastern end of Market Place, overlooking High Street. This pedestrianized section of Market Place is used to house a weekly market on Friday and Saturday.
Occupiers in the immediate vicinity include Iceland, Savers, The Flying Monk public house, Nationwide and Halifax building societies and the Angel Hotel.
Floor plans and tours
Floor plans (1)
More information
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