18B New Road, Chippenham, SN15 1HJ

Summary

The shop is the central unit of a block of 3 shops set in a slightly elevated position, with steps at the front leading up to the entrance doorway. The central door opens into a retail area with steps at the rear leading up to storage space that could be upgrading to office space. There is a single toilet at the rear of the property and a doorway leading out into a shared yard area that includes a parking space for the shop.

Key Points

Tenure

The property is held by way of a lease for a term of 99 years commencing 16th February 1983. There is therefore just under 57 years remaining on the lease. There is a ground rent payable of £10.00 per annum.

The tenant is also liable for a service charge contribution toward the repair and maintenance of the main structure and the cleaning, repair and maintenance of common parts.

Price

£60,000 subject to contract for the benefit of the long leasehold interest with vacant possession.
The property is not registered for VAT, so NO VAT is payable on the purchase price.

Business Rates

The Valuation Office Agency website lists the property as having a rateable value of £6,000.

The rateable value is well below the threshold for qualifying occupiers to claim full Small Business Rate Relief.

Energy Performance Certificate

The property has been issued with an Energy Performance Certificate with an energy rating of 93 in Band D.

https://find-energy-certificate.service.gov.uk/energy-certificate/6267-7169-5823-4293-5926

Legal Costs

Each party will be responsible for their own legal costs incurred in any transaction.

Location