Offices at Former Library, High Street, MALMESBURY, Wiltshire, SN16 9AT

The Seller will consider offers before the auction – why not make a bid now!

Long Leasehold Office Investment.
Town Centre Position
Part Vacant Producing £29,206 pa plus 4 vacant suites
Reversionary Development Potential

Location:
The property is located adjoining a WH Smith store within the High Street of Malmesbury which is home to a range of both national multiple retailers and niche/specialist outlets. Malmesbury is a town steeped in history located in north Wiltshire some 14 miles west of Swindon and 9 miles north of Chippenham. The town lies off the A429 which links north towards Cirencester and south to the M4 at junction 17. This road link provides excellent communications for the town linking it to also to surrounding villages and outlying areas.

Description:
The property comprises the first floor and part of the second floor of this period building. It provides a range of office suites with some shared facilities. A full schedule of the office space and tenancies is available from the auctioneers. The total gross internal area of the combined office space is 223.3 sq.m.(2,403 sq.ft.)

Tenancies:
A full schedule of tenancies and occupied areas is available from the auctioneers. In brief 9 of the office suites totalling 160 sq.m (1,722sqft) are let at a total rent of £29,906 per annum. The remaining suites are vacant and these total some 63 sq.m (678sqft). Therefore if the current average rents passing were applied to the remaining vacant space, when fully occupied the entire space could produce a rent in excess of £40,000 per annum.

Potential:
Clearly this space offers huge potential to generate greater income levels through positive management. Alternatively buyers may wish to consider development opportunities that may exist for example to convert to a number of flats. Buyers are deemed to rely on their own enquiries however the property will be sold with landlord’s prior consent for development.

Current Total Rents Reserved £29,206 per annum.

ERV when fully let:
Circa £40,000 per annum plus

Tenure:
To be sold on a new lease. For full lease details please contact the auctioneers/ refer to legal pack.


Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.