Market Place, Warminster
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Location - The property is situated on the northern side of Market Place, close to The Bath Arms Hotel (Weatherspoons) and within a short walk of the Three Horseshoes Walk shopping centre and the Central Car Park. Nearby occupiers include Coffee# 1, Lloyds Bank, Boots the Chemist, M&Co, Costa Coffee, Reeve The Baker, Sports Direct and Vision Express. the town's mainline railway station is situated close by with regular services to Bath, Bristol, Cardiff, Salisbury, Southampton and Portsmouth. Warminster is situated at the junction of the A36 and A350 which bypass the town to the south and east. The A303 lies approximately 7 miles to the south and Salisbury is situated around 21 miles to the south-east.
Description - The premises comprise a mid-terraced, Grade II Listed property incorporating a ground floor shop with ancillary areas including a basement and rear yard area, currently let as a barber shop together with two spacious self-contained 2-bed flats let on ASTs on the upper floors. The flats, which have gas fired central heating, incorporate some attractive period features including beamed sitting rooms and Georgian windows and have undergone modernisation in recent years.
Accommodation: -
Shop - Approximate Net Internal Areas
Shop Frontage 6.3m (20' 9")
Shop Depth 11.14m (36' 6")
Retail Sales 64.3 m2 (692 ft2)
Kitchenette 4.4 m2 ( 47 ft2)
Rear Storeroom 28.1 m2 (303 ft2)
Basement Storage 23.5 m2 ( 253 ft2)
Total 120.3 m2 (1295 ft2)
Tenure - Freehold subject to the following leases/tenancies:
Shop - Let on an effectively full repairing and insuring lease for a term of 10 years from 16 February 2023 with a tenant-only break option on the 5th anniversary of the commencement of the term. The passing rent is £15,000 pa which is subject to 3 yearly upward-only rent reviews to Market Value (the next review being in February 2026). The Landlord holdsa rent deposit equivalent to 3 months' rent.
First Floor Flat (Approx 1,022 Sq.Ft.) - 2 bedroom flat - Let on an AST for a term commencing 18 April 2023 at a rent of £725 pcm (£8,700 pa).
Second Floor Flat (Approx 656 Sq.Ft.) - Two bedroom flat - Let on an AST for a term commencing 28 July 2007 at a rent of £500 pcm (£6,000 pa).
Price - Offers in the region of £400,000, reflecting a gross initial yield of 7.42% based on the combined current income of £29,700 pa. We understand that VAT will not be chargeable.
Services - The shop and flats are all separately serviced. The flats have gas central heating.
Caution - Woolley & Wallis Commercial have not tested the services mentioned in these particulars.
Planning - Prospective tenants must satisfy themselves as to the permitted planning uses for the property.
Energy Performance Certificates - Shop: 'C' (64)
First Floor Flat 'D' (67)
Second Floor Flat 'D' (59)
Viewing - Strictly by appointment only trough the joint sole agents Woolley & Wallis Commercial ) and Whites ).
Brochures
Market Place, Warminster- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Market Place, Warminster
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Visit our security centre to find out moreDisclaimer - Property reference 33623724. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Whites, Salisbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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