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Residential Investment With Planning Permission For Additional Flat

£229,000

Melksham
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LOCATION
Melksham is an expanding West Wiltshire town with a population of approximately 28,000 (2011 census). It is well located for nearby centres of Chippenham, and Bath and within 9 miles of J17 of the M4. The property is located just off the main High Street and benefits from good road frontage

DESCRIPTION
The property consists of a ground floor lock-up shop with planning permission to convert into a 1 bedroom residential flat, with a two bedroom maisonette on the first and second floor which is let out. The property benefits from a garden and single garage with vehicle access to Lowbourne.

The shop currently features large display windows to the front along with an office with character exposed stone walls, ceiling spot lights, painted and plastered walls and fitted carpets. The middle part of the property has been partitioned to provide an individual office and there are further offices to the rear benefiting from good lighting. Access from the rear office is available to a storage area, WC and kitchenette facilities. There is also a shared pedestrian access to the rear.

The maisonette is split over two floors and has many character features including exposed beams and stonework. The accommodation includes living room, kitchen/breakfast room, double bedroom, single bedroom and shower room. The maisonette has access through the garage and garden to the rear of the property.

ACCOMMODATION
The floor area for the shop has been measured on a net internal area basis as follows;

Ground Floor: 529 sq ft (49.14 sq m)

The maisonette has the following dimensions;

Width Depth
Kitchen 2.51m x 4.18m 8.3ft x 13.8ft
Lounge 3m x 3.95m 9.10ft x 12.11ft
Store 2.5m x 2.1m 8.3ft x 6.10ft
Bathroom 2.87m x 1.4m 9.5ft x 4.7ft
Bedroom 1 3.9m x 5.17m 12.10ft x 16.11ft
Bedroom 2 2.65m x 4.17m 8.8ft x 13.8ft

The garage has the following dimensions;

Garage 2.4m x 5.5m 7.10ft x 18.1ft
Height Min 1.84m (6ft) Max 2.16m (7.1ft)

Garage door Width 2.1m (6.11ft) Height 1.96m (6.5ft)

SERVICES
We are advised by the landlord that mains drainage, water and electricity are connected to the unit. However, we have not verified the existence or tested any of the service installations and advise that interested parties make their own investigations as to their state and condition.

TERMS
TENURE
The property is held freehold. There is a flying freehold on the boundary with the property to the right-hand side.

The maisonette has been let on a 12 month assured shorthold tenancy at £650 pcm from 29th November 2021.

PRICE
£229,000.

OUTGOINGS
The Valuation Office Website describes the ground floor as 'shop and premises' with a rateable value of £6,900. The rates that you pay will depend upon individual circumstances of your business. Enquiries should be made to the local billing authority - Wiltshire Council.

VAT
VAT is not applicable to the purchase price.

LEGAL COSTS
Each party to be responsible for their own legal costs.

PLANNING
There is planning permission and building regulations approval for conversion of the ground floor into a one bedroom flat and for demolition of the garage.
Application reference: 20/10958/FUL

If converted into a one bedroom flat, it is estimated to achieve £550 pcm.

OTHER
EPC RATING (This is how energy efficient the property is)
Shop:
Certificate reference no.: 0990-0634-1609-4728-8006
D (76 - 100) = 85

Maisonette:
Certificate reference no.: 8179-6029-9789-8312-6906
E (39 – 54) = 53

MONEY LAUNDERING REGULATIONS
Purchasers will be required to provide identity information so Anti Money Laundering checks can be undertaken before an offer can be accepted on any property we are marketing.

VIEWING
Strictly by appointment with Kavanaghs agents - please see the full brochure for further information.

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