23-37 Warminster Road Westbury Wiltshire BA13 3PJ

  • 23-37 Warminster Road<br>Westbury<br>Wiltshire<br>BA13 3PJ

23-37 Warminster Road
Westbury
Wiltshire
BA13 3PJ

Freehold Retail Investment with Development Potential (Subject to Consents)

  • Unbroken retail parade of three retail units
  • Located in busy market town
  • 2,528 sq ft of vacant office space with development potential (subject to consents)
  • Large car park for approximately 15 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    74
  • Auction
    7th July 2016
  • Rent
    £30,220 per Annum Exclusive
  • Status
    Sold
  • Price
    £430,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Retail Investment with Development Potential (Subject to Consents)

  • Unbroken retail parade of three retail units
  • Located in busy market town
  • 2,528 sq ft of vacant office space with development potential (subject to consents)
  • Large car park for approximately 15 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 74
  • Auction 7th July 2016
  • Rent £30,220 per Annum Exclusive
  • Status Sold
  • Price £430,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
14 miles south of Bath, 25 miles north west of Salisbury
Roads
B3098, A350, A36
Rail
Westbury Rail
Air
Bristol International Airport
Situation

Westbury is a popular market town some 14 miles south of Bath, The property is situated in Westbury town centre on Warminster Road (A350) at its junction with B3098 close to High Street. Nearby occupiers include The Co-operative Funeral Care, Esso Garage and Allen & Harris Estate Agents.

Tenure

Freehold.

Location
Miles
14 miles south of Bath, 25 miles north west of Salisbury
Roads
B3098, A350, A36
Rail
Westbury Rail
Air
Bristol International Airport
Situation

Westbury is a popular market town some 14 miles south of Bath, The property is situated in Westbury town centre on Warminster Road (A350) at its junction with B3098 close to High Street. Nearby occupiers include The Co-operative Funeral Care, Esso Garage and Allen & Harris Estate Agents.

Tenure

Freehold.

Description

The property comprises a detached retail parade comprising three ground floor units with self contained office accommodation at first floor (See planning paragraph). To the rear the property benefits from a car park for approximately 15 cars.

VAT

VAT is applicable to this lot.

Planning

The property may be suitable for residential redevelopment under either permitted development or full planning consent. Plans for an indicative residential scheme to convert the first floor to 6 flats are available in the legal pack.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a detached retail parade comprising three ground floor units with self contained office accommodation at first floor (See planning paragraph). To the rear the property benefits from a car park for approximately 15 cars.

VAT

VAT is applicable to this lot.

Planning

The property may be suitable for residential redevelopment under either permitted development or full planning consent. Plans for an indicative residential scheme to convert the first floor to 6 flats are available in the legal pack.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Unit 35 Ground Retail
158.39 sq m
(1,705 sq ft)
 INDIVIDUAL
(t/a Tale of Spice)		 16 years from
31/01/2003		 £9,220 (30/01/2019)
Unit 31 Ground Retail
83.42 sq m
(898 sq ft)
 LIKKS LTD
(t/a Suave Coffee
House & Wine Bar)		 10 years from
12/10/2011 (1)		 £7,500 12/10/2016
(11/10/2021)
Units 23-27 Ground Retail
84.82 sq m
(913 sq ft)
 IMPERIAL CHARITY
PROMOTIONS (2)		 6 years from
20/01/2014 (3)		 £13,500 20/01/2017
(19/01/2020)
Units 25-37 First Offices
234.85 sq m
(2,528 sq ft)
 VACANT
POSSESSION		      
Total    
561.48 sq m
(6,044 sq ft)
     £30,220

(1) The lease provided an option to determine on 12/10/2016. This option was not exercised by the tenant and the notice period has now passed.
(2) Imperial Charity was founded in 1990 and aims to provide support and activities for people of all ages with Special Needs and Senior Citizens within the County of Wiltshire. (Source: imperialcharity.co.uk/about 10/06/2016)
(3) The lease provides an option to determine on 20/11/2017

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
Amy Jones 0845 497 9797amyjones@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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