Maryport Street, Devizes, Wiltshire

£750,000

Guide price

Town centre investment opportunity comprising retail unit on the ground floor with five apartments above. Producing £52,900 per annum overall.

Situation and Description

This town centre freehold investment is situated in the heart of this popular and expanding market town having a residential population of about 15,000 people and it is also the regional centre of a much larger rural catchment area.

The Grade II listed property occupies a prominent trading location with frontage onto Maryport Street and is conveniently situated within a short distance of The Brittox and The Market Place. Nearby retailers include Sainsburys, M & S Simply Food, Iceland, Costa, Boots, and WH Smith. Leading banks and building societies are also within close walking distance.

There is some roadside car parking nearby and the town's central car park is only a short walk away.

Accommodation

Ground Floor

Retail Shop with an internal floor area of about 1276ft (118.3m) and further basement areas. It is let to Julia's House with the current lease being for 6 years commencing 31st July 2018.

Flat 25 Monday Market Street comprising of Bedroom, Sitting Room, Kitchen and Shower Room.

First Floor

Flat 11a comprising of Bedroom, Sitting Room, Kitchen and Shower Room.

Flat 11b comprising of Bedroom, Sitting Room, Kitchen and Shower Room.

Second Floor

Flat 11c comprising of Bedroom, Sitting Room, Kitchen and Shower Room.

Flat 11d comprising of large Studio Room with En-suite Bathroom.

All the flats are let on AST's and are producing a combined £33,900 per annum. Combined with the commercial shop the whole property is producing £52,900 per annum.

For further information on lettings and management please contact Devizes lettings on 01380 723 451.

Directions

Via car from our Devizes Office proceed along St John Street onto Long Street and turn left into Bridewell Street. Continue into Sheep Street and past the Post Office on the left until the junction is reached, bear left into Maryport Street and the property is on the right.

Viewings

To arrange a viewing, contact: Auctions Office on 01249 765200.

Legal Pack

You can download the legal packs via our website www.strakers.co.uk and going to the auction home page by using the services heading at the top of the page. Click on the light blue tab under the next auction date displayed on the calendar. This will produce a lot list, select a lot of interest, this pulls up further details on the property - on the right under the photos click View Legal Documents - You will need to sign-up by entering your email address and creating a password the first time but this will stay valid for all of our future auctions. The legal pack may not be available straight away, but as long as you have registered to receive it you will be notified as soon as it is available.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representations of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Arrange viewing 01380 698006

Strakers - Devizes

6 - 7 Market Place, Devizes, Wiltshire, SN10 1HT

See all properties from this agent

Send me homes like this by email

Swindon Advertiser