15 High Street, Melksham, Wiltshire, SN12

Freehold public house investment in Melksham town centre, within the primary retail frontage and conservation area, with the Church Street car park to the rear. Two-storey building of 97.20 sq m (1,047 sq ft) NIA, trading as The Hiding Place micropub. Let to LEMMS Ltd on a new 10-year lease from 02/12/2025 at £10,250 per annum, effective FRI, outside the 1954 Act, with reviews in December 2029 and December 2033 and a tenant break in December 2030.

Location

Melksham is a historic market town in west Wiltshire on the A350, which runs north to Chippenham (8 miles) and junction 17 of the M4, and south to Westbury and Warminster. Trowbridge is approximately 6 miles to the south west and Devizes approximately 8 miles to the east. Melksham railway station provides services to Chippenham and Westbury, with onward connections to London, the West Country and South Wales.

Situation

The property is on the west side of High Street, to the north of its junction with Church Street, in the centre of Melksham and within the town's primary retail frontage and conservation area. The Church Street car park, the main car park serving the town centre, lies to the rear.

Accommodation Text

The property benefits from the following Net Internal Floor Areas:- Ground floor 56.55 sq m (609 sq ft); First floor 40.65 sq m (438 sq ft); Total 97.20 sq m (1,047 sq ft). Measured on site 13/01/2022 in accordance with the RICS Code of Measuring Practice (6th Edition).

Business Rates

Rateable value (2026): £8,200. Rates payable 2026/27 approximately £3,132 (small RHL multiplier 0.382), before any reliefs, payable by the tenant. The occupier may qualify for Small Business Rate Relief. We recommend any interested parties make their own enquiries to Wiltshire Council to verify these figures.

Legal Costs

Each party is to be responsible for their own legal and professional fees incurred in any transaction.

Service Charge Details

Not applicable. The landlord insures the building and recovers the premium from the tenant.

Ameneties 1

Prominent High Street position within Melksham's primary retail frontage

Ameneties 2

Let to LEMMS Ltd on a new 10-year lease from 2 December 2025

Ameneties 3

Current rent £10,250 per annum; upward-only reviews December 2029 and December 2033

Ameneties 4

Effective FRI lease, outside the 1954 Act

Ameneties 5

Two-storey building of 97.20 sq m (1,047 sq ft) NIA