Log In/Sign up
Your email has been sent.
2 Wellington New Rd 2,356 sq ft 100% Let Retail Property Taunton TA1 5NF £385,000 (£163.41/sq ft) 7.47% Net Initial Yield
Investment Highlights
- ingle-storey retail showroom
- Attractive 7.47% NIY
- 10-year lease from December 2025 with break in year 5
Executive Summary
The property represents a fully let freehold retail showroom investment located in Taunton, producing £30,000 per annum. It is leased to High Seat Limited on a 10-year full repairing lease from 24 December 2025, with a tenant break option in December 2030 and a rent review at the 5th anniversary. The tenant is a well-established national ergonomic furniture retailer with strong financials and a resilient trading model. The quoting price of £385,000 reflects an attractive net initial yield of 7.47%, making this an appealing, secure income-producing asset in a prominent roadside location.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,356 sq ft
Costar Property Class
B
Year Built
1999
Price
£385,000
Price per sq ft
£163.41
Yield
7.47%
NOI
£28,760
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
1 1
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2 Wellington New Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.