**Location**
Calne is a popular and expanding North Wiltshire town, strategically placed on
the A4 approximately 7 miles east of Chippenham and 13 miles west of
Marlborough.
St Mary’s Courtyard is an attractive Courtyard development just off Church
Street, with existing occupiers including a Café, hairdressing salon, and
electrical appliance sales.
The Courtyard lies within a Conservation Area yet is situated adjacent to a
large public car park. The Courtyard is gated at both ends and is therefore
secure outside of business hours.
**Description**
Unit 5 is part of a Listed Building. Internally the ground floor has a boarded
floor with electric heating and lighting. A steel spiral staircase leads to an
attractive gallery style mezzanine floor with spot lighting and fitted
cupboards.
A small storeroom together with a kitchen area and single toilet facility are
provided to the rear of the ground floor of the unit.
**Accommodation**
Sq M Sq Ft
Ground floor
Retail / office area 38. 18 411
Storeroom 4. 74 52
Kitchen 1. 39 15
Mezzanine 25. 36 273
Total internal area 69. 67 751
**Tenure**
The property is held by way of a lease for a term of 999 years from the 1st
March 1992, subject to a ground rent payable of £25. 00 per annum without
review.
The tenant is liable for reimbursing the Landlord a proportion of the
insurance premium payable for cover of the property. That charge is currently
around £225 per annum.
The Tenant is also liable for the payment of a service charge to the Courtyard
Management Company, of 12. 5% of “management expenditure”. This is currently
approximately £150 per annum.
The property is currently underlet to Midshires Care Ltd by way of an internal
repairing lease for a term of 5 years from 27th October 2020. The current rent
passing is £9, 500 per annum without further review.
**Tenant information**
Midshires Care Ltd (Company Reg No. 03959933) is a domiciliary care agency
trading as Helping Hands Home Care; see
The last available accounts from 2021 show the Company having a turnover of
£130, 806, 000 with a pre - tax profit of £7, 630, 000.
****
A Creditsafe Report gives the Company a Credit Score of 96, rated as “very low
risk”; with a Credit limit of £4, 550, 000 and a contract limit of £32, 500, 000.
The tenant therefore offers an excellent financial covenant.
**Price**
The long leasehold interest is for sale, subject to the current occupational
lease, for £125, 000 subject to contract.
The property is not registered for VAT, so no VAT is payable on the purchase
price.
**Business rates**
The Valuation Office Agency website lists the property as having a Rateable
Value effective from 1st April 2023 of £6, 400.
**Energy performance certificate**
The property has been assessed for energy efficiency and has been given a
rating of 78 within Band D.
A copy of the EPC and Recommendation Report is available from the agent on
request.
**Planning**
The vendor has made a pre - application enquiry to Wiltshire Council about the
possibility of future Change of Use of the property to residential use. The
response was generally favourable subject to addressing certain issues.
Any Change of Use will also require the freeholder’s consent.
**Legal costs**
Each party shall be responsible for their own legal costs incurred in any
transaction.

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