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Market Place, Warminster BA12 2 bed flat for sale
Market Place, Warminster
£400,000
Market Place, Warminster
£400,000
Our Summary
- Investment opportunity comprising three storey Grade II Listed building with ground floor shop and two self-contained flats on the upper floors
- Planning - Prospective tenants must satisfy themselves as to the permitted planning uses for the property
Description
This investment opportunity comprises a three-storey Grade II Listed building in Market Place, Warminster, with a ground floor shop and two self-contained flats on the upper floors. The shop is let on a 10-year lease with a passing rent of £15,000 per annum, while the two flats are let on ASTs with rents of £8,700 and £6,000 per annum, respectively. The property benefits from a central location, with nearby occupiers including coffee shops, banks, and retailers, as well as a mainline railway station with regular services. The property is being sold for offers in the region of £400,000, reflecting a gross initial yield of 7.42% based on the combined current income. The property has gas central heating and is being sold with vacant possession, with the joint sole agents Woolley & Wallis Commercial and Whites handling viewings.