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27-27A High St 2,451 sq ft 100% Let Retail Property Bridgwater TA6 3BG £250,000 (£102.00/sq ft) 9% Net Initial Yield
Investment Highlights
- Comprises 2 No. Ground Floor Retail Shops
- The property also includes 4 No.Residential Apartments
- The Town benefits from excellent transport links to the M5
Executive Summary
The property has a current rental income of £22,610 per annum, based on the 2 No. Retail Shops. 27 High Street - 9 year proportional Full Repairing and Insurance Lease, until June 2033, break option as of June 2028. Rent subject to Annual RPI Reviews. 27A High Street - 11 year proportional Full Repairing and Insurance Lease, until June 2033, break option as of June 2027 and June 2028. Rent subject to Annual RPI Reviews. All 4 No. Flats were originally sold off in 2004, on 999 year Leaseholds with peppercorn rent. Based on the guide price, the gross initial yield refllects 9%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,451 sq ft
Costar Property Class
B
Year Built
1899
Price
£250,000
Price per sq ft
£102.00
Yield
9%
NOI
£22,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Plot ratio
1.88
Total Plot Size
0.03 ac
Frontage
28 ft on High St
Amenities
- 24 Hour Access
- Bus Route
- Commuter Rail
- Security System
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
1 of 4
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27-27A High St
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