Retail Investment Opportunity for Sale
- Tenure: For Sale – Freehold
- Price: £220,000
Description:
We are offering this retail investment property for sale, in the heart of Bridgwater Town Centre with the benefit of the existing Tenant in situ – ‘Pat Watts Motorcycles’ on a 5 year term, granted in 2022.
Bridgwater has a population of 41,000 and has seen increased investment being made within the Town Centre and outskirts with not only residential housing estates, industrial sites at both J23 (Dunball) and J24 (Bridgwater Gateway) as well as redevelopment within the centre including the new Cinema, Sports Bar and Restaurant complex known as ‘Northgate Yard’, improving the area and encouraging footfall within the Town Centre.
Accommodation:
The property offers a good size retail space on ground floor only, with office, kitchen and WC facilities to the rear, with an overall floor area space of 178.6m² (1,921.3ft²).
There is an internal staircase leading to the flat roof area for maintenance purposes and the property benefits from rear access and parking for deliveries etc.
Method of Sale:
The property is being sold by way of private treaty sale for the Freehold within Land Registry Title ST128902.
The property is being sold as an investment with the benefit of the existing Tenant in situ, on a 5 year term Lease as of January 2022, paying an annual rent of £15,600. No rent reviews or break clauses within the remainder term of the Lease.
