**Location**
Chippenham is a busy and expanding town with a population of approximately
40, 000 people. It is located approximately 4 miles south of Junction 17 of the
M4 Motorway and benefits from a main line railway station with a regular
direct service to London Paddington in just over 1 hour.
This property is located in the pedestrianized section of the Market Place
adjacent to the Angel Hotel and the Flying Monk pub. Other nearby occupiers
include Barclays Bank, Betfred, and Savers.
**Description**
The property comprises a 2 storey end of terrace building with a retail unit
on the ground floor and a separately accessed office suite on the first floor.
To the rear of the property is a parking area for approximately 4 cars. The
property is not Listed, but is within the Chippenham Conservation Area.
The ground floor retail shop currently trades as a nail salon. The salon area
has wooden floors covering, a suspended ceiling with Cat II lighting and is in
good decorative condition.
To the rear of the salon is a toilet and staffroom/ kitchen with sink &
drainer.
The first floor suite that is accessed from the side of the property has three
areas used for a reception and treatment rooms, with a toilet, a shower and
fitted kitchen located at the rear of the floor.
**Accommodation**
Sq M Sq Ft
Ground floor
Salon area 45. 04 484
Kitchen/ staff area 10. 28 110
total 55. 32 594
First floor
Business space 32. 82 418
Kitchen / staff 9. 3 100
total 48. 12 518
**Tenure**
The property is held Freehold under Land Registry Title No. WT281610.
The freeholder and tenants of the freeholder benefit from a vehicular and
pedestrian Right of Access along the laneway to the south of the property that
gives access to the parking spaces at the rear of the property.
The owner of the neighbouring public house, The Flying Monk, has a right in
perpetuity to park one vehicle in the car park at the rear of the property.
**
Tenancies**
The ground and first floors are currently let to separate tenants as detailed
below:
Ground floor
The ground floor, trading as Lucky Star Nails, is let to Phuong Thi Tran for a
term of 5 years commencing 27th May 2021.
The current rent payable is £12, 500 for the year from 27/05/23 to 26/05/24;
then rising to £13, 500 pa from 27/05/24 to the lease expiry.
The lease is on effectively full repairing terms and includes a right for the
tenant to park 1 vehicle in the rear car park. The lease is within Landlord &
Tenant Act protection.
A deposit of £2, 400 is held by the freeholder.
The Tenant has been in occupation of the shop for in excess of 12 years.
First floor
The first floor, trading as China Studio, is let to Khondaker Fuad Hasan for a
term of 7 years commencing 16th February 2023.
The rent payable is £6, 500 per annum subject to review on 16th February 2026.
The lease is on effectively full repairing terms and includes a right for the
tenant to park 1 vehicle in the rear car park.
The lease is excluded from the renewal provisions of the Landlord & Tenant Act
1954.
A Deposit of £1, 625 is held by the freeholder.
The tenant’s business is providing treatments including Chinese massage; and
hot stone treatments.
Parking at rear
There is currently an informal agreement for a local business to park 3
vehicles in the car park at a rate of £30 / car per month (£1, 080 per annum).
**Price**
£250, 000 subject to contract, for the freehold, subject to the existing
tenancies as set out above.
We are advised that the property is registered for VAT therefore VAT at the
standard rate is payable on the purchase price.
**Business rates**
The Valuation Office Agency website lists the property as having the following
Rateable Values effective from 1st April 2023.
Ground floor £14, 000
First floor £4, 650
**Energy performance certificate**
The whole property has been assessed for Energy Performance and has been given
an Asset Rating of 62 within Band C.
A copy of the Certificate and the recommendation Report is available from the
Agent on request.
**Legal costs**
Each party shall be responsible for their own legal costs incurred in any
transaction.

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