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Freehold Shop and Residential Investment
Comprises four shop units and a flat
Town centre location
Just off pedestrianised Fore Street
VAT is not applicable to this property
Occupiers close by include Santander (adjacent), Halifax, EE, O2 and Clintons
Investment Consideration: Gross Initial Yield: 9.71% Rental Income: £24,280 p.a. VAT is not applicable to this property. Comprises four shop units and a flat. Town centre location. Just off pedestrianised Fore Street. Occupiers close by include Santander (adjacent), Brighthouse, EE, O2, Clintons and Halifax.
Property Description: The property is arranged on ground and one upper floor to provide four ground floor shop units with ancillary/storage accommodation on the first floors above Nos 1 and 2 Court Street and a self-contained flat above Nos 5B and 5C Court Street which is accessed from the front.
Tenancy: Shop No. 1 is at present let to S Munro for a term of 3 years from 1st August 2018 at a current rent of £5,700 per annum and the lease contains full repairing and insuring covenants. Deposit held of £1,425.
Shop No. 2 is at present let to A Cambrook for a term of 3 years from 14th June 2019 at a current rent of £5,700 per annum and the lease contains full repairing and insuring covenants. The lease provides the tenant with option to determine on the 13th December 2020. Deposit held of £1,425.
Shop No. 5B is at present let to A J Bell t/a AJs Hair Salon for a term of 3 years from 23rd October 2013 (Holding Over) at a current rent of £3,750 per annum and the lease contains full repairing and insuring covenants.
Shop No. 5C is at present let to D Tonnard t/a The Hungry Caterpillar for a term of 6 years from 1st October 2007 (Holding Over) at a current rent of £4,750 per annum and the lease contains full repairing and insuring covenants.
The first floor residential flat (No. 5A) is at present let on an AST to an individual for a term of 6 months from 6th December 2014 (Holding Over) at a current rent of £4,380 per annum. Deposit held of £350.
Location: The market town of Bridgwater, which has a population of 36,000, is the administrative centre of Sedgemoor district and is located 9 miles north-east of Taunton and 40 miles south of Bristol. The town benefits from its proximity to the M5 Motorway, which is located immediately to the east of the town (Junctions 23 and 24). The property is situated on the west side of Court Street, just off the pedestrianised Fore Street, in the heart of the town centre. Occupiers close by include Santander (adjacent), Brighthouse, EE, O2, Clintons and Halifax.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
Contact Blue Alpine Partners about this property
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