£300,000

Restaurant for sale

  1.  Front Elevation
  2.  Front Restaurant
  3.  Rear Restaurant

Guide price

£300,000

(£246.51/sq. ft)

Restaurant for sale

Maryport Street, Devizes SN10

2,180 sq. ft

Local area information

Property location

Nearby amenities

  • Southbroom Infants' School 0.2 miles
  • Devizes School 0.2 miles
  • Melksham 6.8 miles
  • Chippenham 9.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Devizes to find out more about the local area.

Features and description

Location

Devizes is a popular market town with a population in the region of 15,000 people. The town is also the centre of a strong rural catchment area, which includes many villages and hamlets. The town is approximately 20 miles south west of Swindon and 9 miles south east of Chippenham.

The property is located in the town centre on the north east side of Maryport Street. With double door rear access from Monday Market Street.

Nearby occupiers include Poundland, Sainsburys, M&S Foodhall, Nationwide and number of national and local charity shops and local independent traders.

The is limited short term on street car parking in both Maryport Street and Monday Market Street, with longer term public pay & display car parks only a short distance away in both New Park Street and Sidmouth Street.
Description

The property is a mid-terrace building with a long glazed ground floor frontage to Maryport Street. The frontage incorporates a pedestrian entrance door into the restaurant, while to the side of the glazed frontage is a separate pedestrian door to the first floor.

The section of the property fronting Maryport Street is two storeys with a pitched roof, while the rear of the property is single storey under a flat roof.

Internally, on the ground floor is a large restaurant incorporating a bar area.

To the rear of the ground floor are male and female toilets, a commercial kitchen and storeroom.

At the rear of the storeroom, double wooden doors open out to Monday Market Street.

The first floor is used for a combination of bedroom space and storage. There is a large open plan landing, off which are 3 bedrooms, a basic kitchen, a bathroom and a separate toilet.
Accommodation

Sq M Sq Ft
Ground floor
Restaurant area inc. Bar 118.94 1,217
Kitchen 62.97 678
Storerooms 26.46 285
Two toilets

First floor
Landing area 28.26 304
Bedroom 1 9.33 100
Bedroom 2 9.72 105
Kitchen 7.68 83
Bedroom 3 14.44 155
Bathroom
Single toilet
Tenure

The whole property is let on a single lease to Md Abu Taher Chy, Md rt Arafin Khan and Syed Md Maruf Ahmed on assignment from Mohammed Robiul Hossain for term of 20 years commencing 12th July 2013.

The current rent passing is £26,000 per annum with the rent review due on 12th July 2028.

The lease is within the protection of the Landlord and Tenant Acts.
Rent

The current rent payable is £26,000 per annum, exclusive of VAT.
Business rates / council tax

The Valuation Office Agency website lists the ground floor of the property as having a Rateable Value effective from 1st April 2023 of £19,250.

We have been unable to find a business rates or Council Tax assessment for the first floor space.
Energy performance certificate

The property has an Energy Performance Certificate with an energy rating of 37 in Band B.
Services

The property is connected to all mains services.

No tests have been undertaken on the services supplied. We recommend that prospective tenants satisfy themselves that the services supplied meet their occupational requirements and comply with current regulations.
Planning / use

The property lies within the Devizes Conservation Area but is not Listed.

The property is currently used as an Indian restaurant on the ground floor with storage and living accommodation on the first floor.

Planning consents were granted in 2006 in respect of the ground floor for “Change of Use to restaurant with ancillary take away” and for the first floor “change of use to first floor flat.”

The uses currently on site align with those consents.
Legal costs

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

More information

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  1. Zoopla
  2. Commercial for sale
  3. Wiltshire
  4. Devizes
  5. Maryport Street

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