Basic Facts
Property ID:
5328
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Post Updated:
2019-06-24 10:41:13
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Status:
Acquired
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Type:
Restaurant
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Tenure:
Freehold
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Gross Rent:
£ 32,000
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Lease Term:
10 years from Jul '17
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VAT applicable:
No
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Property Description
- Freehold Blue-Chip Mixed Investment.
- Property comprises a shop with 3 recently converted flats above.
- Listed building.
Location Description
- Bridgwater is at the edge of the Somerset Levels, in level and well-wooded country.
- Its population currently stands at around 35,886 as of 2011.
- Prime retail pitch with nearby occupiers including Costa, Sports Direct & Boots.
Additional Notes
- Shop is let to Warrens Bakery on a 10 yr lease from July 17 with break & r/r at yr 5. Rent is £15,000 p.a.
- Flats – 2 x 2 Bed’s on first & second floors with a 1 Bed on the top floor.
- The 2 beds would rent for circa £6k p.a & the 1-bed flat for £5k p.a – therefore the total rental income could be circa £32k
Features
Attractive property
Blue-chip tenant
Finance available
Freehold
Residential element
Under £500k