Mixed Use Investment Opportunity in Bridgwater

  • Tenure: For Sale – Freehold
  • Guide Price: £895,000
  • Current Income: £78,280 Per Annum

Description:

This mixed use investment includes 5 No. Retail shops with 5 No. Residential flats above on first and second floors, accessed between a staircase between 41 and 43 Eastover and over a communal flat roof terraced area.

All retail units are let on Leases and all Flats on ASTs as shown overleaf.

The properties are available for sale Freehold as a combined portfolio with the benefit of the existing Tenancies in situ, providing a fantastic investment opportunity in Bridgwater.

The investment itself is situated in Eastover, located in Bridgwater, just 500m from the Town Centre and within walking distance of the town’s facilities.

Location:

Bridgwater is a historic market town in Somerset, with increasing investment within the Town Centre and outskirts with new development such as Northgate Yard, which includes a new Cinema, Sports Bar and Restaurants.

The property is situated within close proximity to a range of amenities including large Convenience Stores, Bridgwater Retail Park, Hotel, and Shops.

The Town benefits from excellent transport links to the M5 via J23 and J24, and is just 12 miles North of Taunton and 30 miles South-West of Bristol.

There are good rail network links to Bristol, Exeter and London.

Bridgwater also benefits from access to the Quantock Hills (Area of Outstanding Natural Beauty) and various coastlines nearby.

Investment:

The investment portfolio currently brings in a gross total income of £78,280 per annum, based on the current Tenancies and Leases in place.

Based on the guide price and on income, this is reflective of a 8.7% yield.

Method of Sale:

The property is being sold by way of Private Treaty for the Freehold comprising 37 – 43A Eastover, within Land Registry Title Number ST91280.