Sheep Street, Highworth, Swindon, Wiltshire, SN6 7AA

Sold STC £425,000

Property Description

A rare opportunity to acquire an income producing mixed use, retail and residential investment in the centre of Highworth with planning consent to refurbish a vacant 2 bed flat.

The sale includes three distinct but attached properties being:

• A three-storey period building (the former Post Office) with retail on the ground floor with self-contained residential accommodation over 3 floors

• A two-storey period 2 bedroom cottage

• A more modern, single storey building used for storage (the former sorting office)

Externally there is a mews style area accessed off Cherry Orchard suitable for outside amenity space, unloading and some parking.

Please note that the flat is in need of some refurbishment.

The property is Listed and falls within the Highworth Conservation Area.

The current owners have obtained planning permission to undertake some changes to internally reconfigure the flat. Further details can be found on the Swindon Borough Council Planning Portal – Ref S/19/1805/RACH.

The ground floor shop and rear store is leased to charity Mercy in Action for a term to expire in 2028 at a current rent of £16,000 per annum

The cottage is let under an Assured Shorthold Tenancy at £630 pcm for 12 months from 1st January 2021. Note: The tenant is currently paying a reduced rent of £500 pcm agreed by the Landlord until such time as the current night storage heating is replaced by a more modern arrangement.

Reference: 20414866 EAID:3552051449 BID:461801

Key Features

  • Mixed Commercial & Residential Investment
  • Retail Shop with Flat above
  • 2 Bedroom Cottage
  • Modern Storage Building with Services
  • Period Property with Planning to Consent to further improve
  • Rear Access and Yard Area