Summary - 2 Snuff Street, DEVIZES SN10 1DU
1 bed 1 bath Commercial Property
**Standout Features:**
- Long leasehold commercial property in central Devizes
- Total area of approximately 496 sq ft, including a 386 sq ft bar area
- Let to a café operator with a rental income of £12,000 per annum
- Low asking price of £125,000 with no VAT
- Strong gross initial yield of 9.5%
**Concerns:**
- Only 5 years remaining on the lease, potentially complicating mortgage options
- Located in a high-crime area
- Property condition not specified, potential for maintenance needs
This central Devizes commercial property offers an excellent investment opportunity, boasting a prime location near the Market Place and a reliable café tenant under a five-year lease. With its average-sized setup featuring indoor seating and essential facilities like a preparation kitchen and WCs, it’s an ideal choice for those looking to enter the hospitality industry or investors seeking a solid gross yield of 9.5%. Priced attractively at £125,000, the property is chain-free and ready for savvy buyers.
However, potential buyers should note the short remaining lease, which might deter some mortgage lenders, and the area's higher crime rate, which could be a consideration for long-term viability. With a range of amenities nearby, this property is perfectly positioned for business growth, making it a must-see for those seeking a promising investment in a town experiencing constrained rental opportunities. Don’t miss out on this unique offering—schedule a viewing today!
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