Project Description

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Location
The subject property is located on High Street, Malmesbury in a prominent position, close to the Market Cross with nearby retailers including Co-op supermarket, Boots, W H Smith and various banks in addition to well established local independant retailers.

Malmesbury is located at the southern end of the Cotwolds. The area has good road transport links with the A429 approximately 0.4 miles to the south west and the M4 Motorway being 5.4 miles to the south.

Description
The subject property has been completely renovated recently and is spread over five floors.

The building is currently being converted to a wine bar and provides an income of £10,000 per annum. This is a new three year lease and commenced June 2015.

Upon expiration of the current lease the property has the potential to be converted into a retail premises and living accommodation above with the possibility of converting to up to two self contained flats (Subject to appropriate planning permission).

Accommodation

Ground Floor: 26.48m2 (285ft2)

First Floor: 16.90m2 (182 ft2)

Second Floor: 20.91m2 (225ft2)

Third Floor: 9.27m2 (100 ft2)

Basement: 11.61m2 (125ft2)

Total: 85.17m2 (917ft2)

PLEASE NOTE THE PREMISES HAVE NOT BEEN INSPECTED AND ALL MEASUREMENTS ARE PROVIDED FROM A THIRD PARTY.

Services
We understand the property has mains gas, electricity, water and drainage.

Tenure
Freehold

Planning
The property has the benefit of A4 planning consent for use as a wine bar. Planning App:15/04498/FUL

Investment Analysis
We have been advised the property is now let on a new three year lease from June 2015 at a passing rent of £10,000 per annum. The tenant will be operating a wine bar from the property. Purchasers are advised to check the legal pack.

Business Rates
The property has a rateable value of £8,100.

*Guide Price
£175,000

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

5 High Street,
Malmesbury,
Wiltshire
SN16 9AA

Features

✓ High Street retail unit
✓ A4 planning consent for use as wine bar
✓ Cotswolds location
✓ Let on a new lease for £10,000 pa
✓ Lease commenced June 2015
✓ Town centre location
✓ Ample parking in nearby car parks
✓ Recently refurbished
✓ Air conditioned
✓ Good transport links
✓ Freehold

Contact

Richard Reed, RICS
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR013