Commercial property for sale in 3A Union Street, Yeovil, Somerset BA20

Freehold retail investment

Modern town centre building

Good secondary trading position

Close to prime shopping area and multiple traders

Total rent: £31,000 per annum

Guide price: £325,000

The property is located on Union Street on the edge of the prime pitch of Middle Street, the principal shopping area of Yeovil with the highest pedestrian flow in the town.

Nearby occupiers include multiple retailers WHSmith, Greggs Bakery, Hays Travel, Costa Coffee, Primark and Marks & Spencer.

Yeovil is located just off the A303 trunk road providing virtual dual carriageway links to Taunton (28 miles west) and London (130 miles east). The town is also served by rail (London Waterloo) circa 2.5 hours.

Yeovil has a population of approximately 50,000 persons and a catchment of 160,000, with competing retail centres being some distance away, the town has an extended catchment area.

The property was built in 2002 and comprises an open plan steel framed building with brick and blockwork construction under a mono pitched insulated steel profile roof behind a two storey facade.

VAT is not applicable to the purchase price.

Both parties to bear their own legal costs in the transaction.

An EPC is available for this property. The rating is D/81. Please contact the agent for further details.

The property is let for a term of 25 years from 31st May 2002 (expires 30th May 2027) to William Hill Southern Ltd with a guarantee from William Hill Organisation Ltd on full repairing and insuring terms.

There was a tenants option to break at the end of Year 15 which was not exercised. The passing rent is £31,000 per annum and subject to review on a 5 yearly basis.

The Guarantor William Hill Organisation Ltd (Company No. 278208) for the period ending 28th December 2021 had a turnover of £332.9m, a pre tax profit of £75.2m and net assets of £392.7m. Source: Companies House.

For Sale: Guide Price: £325,000