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4 Church St 3,634 sq ft Retail Property Bishops Lydeard TA4 3AT £275,000 (£75.67/sq ft) 9.20% Net Initial Yield
Investment Highlights
- Freehold retail investment opportunity
- Tenant in occupation for over 20 years
- Strong covenant tenant: Cooperative Group Limited
Executive Summary
The property comprises a well-located village retail investment in Bishops Lydeard, Somerset, producing a total income of £26,450 per annum. The asset is let to the Cooperative Group Limited, a strong covenant tenant, which has occupied the premises for over 20 years.
The commercial accommodation extends to approximately 3,634 sq ft over ground and first floors and benefits from a prominent retail frontage on Church Street. The freehold interest is offered subject to the existing lease, providing investors with a secure income stream and an attractive net initial yield of circa 9.2%.
The commercial accommodation extends to approximately 3,634 sq ft over ground and first floors and benefits from a prominent retail frontage on Church Street. The freehold interest is offered subject to the existing lease, providing investors with a secure income stream and an attractive net initial yield of circa 9.2%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
3,634 sq ft
Costar Property Class
B
Year Built
1900
Price
£275,000
Price per sq ft
£75.67
Yield
9.20%
NOI
£25,300
Tenancy
Single
Number of Floors
2
1 1
1 of 3
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4 Church St
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