Investment For Sale, Devizes

Investment Summary<br>
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- Freehold Investment<br>
- Total Passing Rent Of £82,300 Per Annum<br>
- Devizes Is A Busy And Attractive Market Town<br>
- The Investment Compromises A 8,105 Sq Ft<br>
(752.97 Sq M) Mixed Use Building, Offering<br>
Basement And Ground Floor Restaurant<br>
Accommodation And Three Residential Flats On<br>
The First And Second Floors<br>
- External Seating Area<br>
- 33% Of The Income Secured On Ast's<br>
- 67% Of The Income Is Secured To Loungers Uk<br>
Limited, A 'very Low Risk' Covenant Tenant That<br>
Entered Into A Lease In 2021, With 9.5 Years<br>
Remaining On The Unexpired Term<br>
- Net Initial Yield - 8.25% <br>
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The Building Extends Over Basement, Ground, First And Second Floors. It Is A Grade Ii Listed Building Of Traditional Brick Construction, With Rendered Elevations Beneath Both Pitched And Flat Roofs.<br>
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The Basement And Ground Floors Occupied By Loungers. The Ground Floor Features A Fully Glazed Shopfront And Provides Customer Seating, A Bar Area, An Accessible Wc And Staff Facilities. To The Rear Glazed Doors Lead To An External Seating Area Arranged Across Two Levels, With The Capacity For Approximately 60 Covers.<br>
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The Basement Offers Ancillary Space Including Male And Female Wcs.<br>
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In Addition To The Main Market Place Frontage, The Property Also Benefits From A Secondary Rear Entrance Providing Access To The First And Second Floors.<br>
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The Upper Floors Comprise Two One-bedroom Flats On The First Floor And A Two-bedroom Flat On The Second Floor, Each With Their Own Private Entrance. All Fats Are Well Maintained And Presented To A High Standard, Providing Excellent Quality Residential Accommodation With Some Off Street Parking For Loungers.<br>
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Location<br>
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The Property Is Situated In A Prime Location On Market Place, The Town's Primary Retail Focus. It Is Accommodation A Mix Of Retail, Food And Beerage And Everyday Services Including Occupiers Including Marks And Spencer's, Specsavers, Boots, Hsbc And Whsmith.<br>
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Rent / Price<br>
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Offers In Excess Of £950,000, Subject To Contract And Exclusive Of Vat.<br>
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Vat<br>
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We Understand That The Property Is Elected For Vat And Therefore Vat Will Be Payable On The Purchase Price.<br>
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Epc<br>
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Avaliable Upon Request.<br>
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Viewing<br>
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Strictly By Appointment With Agents.