Property: Three investment opportunities on the market with Kilpatrick & Co

Commercial property agents Kilpatrick & Co have been instructed to bring three Wiltshire investment properties in Wiltshire to the market.

The first, in Swindon’s Gorse Hill, comprises a retail investment currently yielding rent of £8,600 PA, rising to £9,600 PA. in September 2017.

The asking price is £115,000, producing a gross yield of 7.5 percent, rising to 8.3 percent in 2017. There is no VAT payable. In High Street, Royal Wootton Bassett, Kilpatrick & Co. are offering a mixed retail and residential investment with a ground floor restaurant/takeaway let to a tenant who has been in occupation since 2002 and three flats above all let on ASTs with potential to create an additional flat.

Current rents total £25,000 PA with potential to increase to £29,000 PA. The asking price is £350,000. And at Warminster Road, Westbury, Kilpatrick & Co. are offering an unbroken retail parade of over 6,000 sq ft with the three shops let to a restaurant/takeaway, coffee house/wine bar and a charity shop.

At first floor level there are offices of 2,528 sq ft with potential to convert to six flats under permitted development rights and with potential to further extend. Offers in excess of £600,000 are invited.

Andrew Kilpatrick of Kilpatrick & Co. said “These three properties are being offered for sale separately, or could form an interesting portfolio for someone to put in to their pension scheme.

“Westbury in particular offers an opportunity for an investor to enhance asset value by converting the upper floor to residential whilst continuing to receive the rental income from the ground floor shops below”.

For further information on any of these properties, call 01793 643101 or log on to www.kilpatrick-cpc.co.uk where full details with plans and photographs can be downloaded.