Freehold Investment FOR SALE – Bridgwater Town Centre
- Price: £260,000
- Terms: Freehold Investment with the benefit of the 2 No. Retail Tenants in situ on Lease agreements
Description:
This property comprises 2 No. Ground Floor Retail Shops t/as Flowers International and Essential Foot and Body Care Ltd.
The property also includes 4 No. Residential Apartments on First and Second Floors, which have previously been sold off on Long Leaseholds.
The Flats are accessed at the rear, facing on to Church Passage, leading in to a communal entrance and staircase.
Accommodation:
The retail shops provide the following accommodation:
27 High Street – (976.13 m²/1,507ft² inc. basement)
27A High Street – (43.85 m²/ 472ft²)
Tenure & Terms:
The property is being sold Freehold under Land Registry Title ST213972, with the benefit of the 2 No. Retail Tenants in situ on Lease agreements and with upper floor Flats having previously been sold off on Long Leaseholds.
The property has a current rental income of £22,160 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.
