An excellent investment opportunity with immediate rental income, now available in North Petherton.
The investment comprises a ground floor retail lock up premises with Flat above and large semi-detached Cottage to the rear.
The property is situated on the main thoroughfare through North Petherton, with excellent roadside frontage for the retail premises with a drive/car parking area to the rear, which benefits all Tenants and provides off-road parking.
North Petherton has a variety of amenities including Pub, Church, Community Hall, Dentists, Hairdressers, Funeral Directors, Tesco Express, Pharmacy, Hotel and Cafes, Takeaways with the majority being on the main road through the small town.
The property is split as follows:
Ground Floor Retail Shop - (53.23m²)
The Shop benefits from the main entrance door at the front of the building with secondary access at the rear, in to the kitchen.
Café Seating Area - 33.09m²
Plus Bay Windows and Entrance
Main Kitchen - 10.7m²
Washing Up Room - 5.84m²
WC - 3.6m²
First Floor Flat (85A) - (53.98m²)
The Flat is accessed by way of a separate entrance door at ground floor level, with an internal staircase leading to the accommodation as follows:
Bedroom 1 - 13.69m²
Bedroom 2 - 8.77m²
Lounge - 20.63m²
Kitchen - 5.86m²
Bathroom - 5.03m²
Plus hallway and large storage cupboard
Semi Detached Cottage (85B) - (102.1m²)
The Cottage towards the rear of the site benefits from spacious living accommodation and private garden area.
Bedroom 1 - 15.62m²
Hallway - 10.13m²
Kitchen - 15.45m²
Lounge - 23.7m²
Bedroom 2 - 15.12m²
Bedroom 3 - 15.82m²
Bathroom - 6.26m²
Each property has the benefit of parking.
Tenure and Terms:
The property is offered for sale Freehold, subject to the existing Tenancies in place.
Retail Shop operating as ‘Taart Café’. Let on a 6 year Internal Repairing and Insuring Lease as of 1st July 2018.
First Floor Flat (85A) let on a 6 month Assured Shorthold Tenancy as of 1st October 2021.
Semi-Detached at Rear (85B) let on a 6 month Assured Shorthold Tenancy as of 1st September 2021.
Total rental income equates to £21,000 per annum.
The property is available Freehold as an investment property with the benefit of existing Tenancies (see above) in place, seeking a guide of £350,000 - £400,000.