£400,000
(£182.15/sq. ft)
Property for saleCo-Op, Bristol Road, Farrington Gurney, Bristol, Somerset BS39
2,196 sq. ft
About this property
Freehold under title number ST220677
Highly prominent roadside position fronting the A37 between Bristol and Wells
Substantial site extending to approximately 0.593 acres (0.24 ha)
Large tarmacadam car park and servicing areas
Let to Radstock Co-operative Society Limited until 31 July 2037
Current passing rent of £36,000 per annum exclusive
Rent review due 1 August 2027
The property comprises a single-storey retail building, originally constructed as a roadside restaurant and subsequently converted to retail use, currently trading as a Co-op convenience store. The premises benefit from an associated car park providing customer parking, together with forecourt frontage onto the A37. The property is let in its entirety, providing a purchaser with an income-producing freehold investment opportunity
Location
Farrington Gurney is an established village within Bath and North East Somerset, approximately 2 miles north-west of Midsomer Norton and 12 miles south of Bristol. The village benefits from good connectivity to Bristol, Bath, Wells and the wider South West, with the M4/M5 motorway network readily accessible.
Situation
The property occupies a prominent roadside position fronting the A37 Bristol Road, benefiting from high visibility to passing traffic on one of the principal routes between Bristol and Yeovil. The site sits between two A39 junctions, providing accessibility to traffic from both the A37 and A39, and is well positioned to serve the local village population as well as passing trade. Adjacent the property is a mix of housing, a Texaco Petrol station and The Farrington Village Inn.
Accommodation Text
The property benefits from the following Net Internal Floor Areas:-
Total 204.04 Sq M / 2,196 Sq ft
Tenancies
The property is let to Radstock Co-operative Society Limited under an occupational lease dated 12 September 2022.
The lease is for a term of 15 years from 1 August 2022 to 31 July 2037, with no break option.
The current passing rent is £36,000 per annum exclusive, with the rent having increased by way of stepped rental increases from the original rent of £32,000 per annum.
The next rent review is scheduled for 1 August 2027, with a further review on 1 August 2032
Legal Costs
Each party is to be responsible for their own legal and professional fees incurred in any transaction.
EPC Text
The property has an EPC rating of C (54), which expires on 20 August 2032.
Further Information
Viewings can be arranged through the sole agents at CSquared;
Allan Lloyd
M E
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