Mixed use for sale

Interested parties should contact Knight Frank Auctions for further information.

Description
The Grade II Listed property is arranged over 3 floors provides a ground floor supermarket with staff and storage accommodation, together with self-contained first & second floor offices. The supermarket benefits from entrances to Market Place and Emery Lane.
The self-contained uppers floors are separately accessed from Market Place.
The 30-space car park is accessed from Emery Lane. There is a sub station on site in a corner of the car park.

FLOOR AREAS
Supermarket Ground & First Floor Rear - 1,271 sq m (13,685 sq ft)
First Floor Offices 153 sq m (1,647 sq ft)
Second Floor Offices - 150 sq m (1,615 sq ft)
Total Floor Area - 1,574 sq m (16,946 sq ft)

TENURE
Freehold

TENANCY
SUPERMARKET & CAR PARK let to Iceland Foods Limited for a term of 10 years from 25/03/2017 at £119,200 per annum. Lease expires 24/03/2027.
(1) Iceland operate from over 900 stores across the UK (Source: - )

For the year ended 29/03/2024, Iceland Foods Ltd reported a turnover of £4.2bn, pre-tax profit of £15.6m, shareholders' funds of £712m and a net worth of £695.9m (Source: Dun & Bradstreet)

OFFICES Vacant

Total Rent £119,200 per annum exclusive

(2) PLANNING
The vacant offices may benefit from conversion to residential use, subject to all necessary consents. A pre-application response dated 24th May 2024 from Wiltshire Council for 6 x 1 beds or 4 x 2 beds is available for inspection in the legal pack. The conclusion in part states No significant concerns are raised in respect of the principle of development in this sustainable location."

VAT
VAT is applicable

EPC
Rating C

Location
Chippenham is an affluent Wiltshire market town, located in the M4 Motorway corridor, 14 miles northeast of Bath, 27 miles east of Bristol and 19 miles west of Marlborough. The M4 (J 14) is 3.5 miles to the north. There are regular rail services to London Paddington in approximately 75 minutes.
The property is located on Market Place at its junction with St Mary Street and the Car Park is accessed from Emery Lane. Emery Gate Shopping Centre is within 100 metres together with Tesco's. Chippenham Bus station is location 130 metres to the south. Other retailers on Market Place include Greggs, Boots, Costa, Halifax, Nationwide amongst a number of specialist traders.

Occupancy
Part let

Tenure
Freehold

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.