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5 Bank St 1,580 sq ft Retail Property Melksham SN12 6LE £220,000 (£139.24/sq ft) 7.45% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Melksham is an attractive Wiltshire market town, located 11 miles east of Bath and 6 miles south of Chippenham
- The property is situated in the town centre shopping areas
- The town is situated on the A350, which provides access to the M4 Motorway (Junction 17) about 11 miles to the north
EXECUTIVE SUMMARY
The property is arranged as ground floor shop and one upper floor flat having access from the side.
Melksham is an attractive Wiltshire market town, located 11 miles east of Bath and 6 miles south of Chippenham. The town is situated on the A350, which provides access to the M4 Motorway (Junction 17) about 11 miles to the north. The property is situated in the town centre shopping areas.
Other occupiers serving the town include Waitrose, Superdrug, Barclays, Costa Coffee, Specsavers and Boots.
Melksham is an attractive Wiltshire market town, located 11 miles east of Bath and 6 miles south of Chippenham. The town is situated on the A350, which provides access to the M4 Motorway (Junction 17) about 11 miles to the north. The property is situated in the town centre shopping areas.
Other occupiers serving the town include Waitrose, Superdrug, Barclays, Costa Coffee, Specsavers and Boots.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,580 sq ft
Costar Property Class
B
Year Built
1890
Price
£220,000
Price per sq ft
£139.24
Yield
7.45%
NOI
£16,400
Tenancy
Single
Number of Floors
2
Plot ratio
0.12
Total Plot Size
0.30 ac
Frontage
20 ft on Bank street
AMENITIES
- Security System
- EPC - D
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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5 Bank St
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