£300,000
(£226.59/sq. ft)
Retail premises for saleCornhill, Bridgwater TA6
1,324 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 8.94%
Rental Income: £26,800 p.a.
VAT is applicable to this property
Comprises large ground floor retail shop t/a Ladbrokes
Situated in a busy pedestrianised position between Angel Place Shopping Centre and the main retail area Fore Street, with occupiers nearby including Lloyds Bank (adjacent), NatWest, Specsavers, Greggs, kfc, Prezzo, Sports Direct, Costa Coffee and many more.
Property Description:
Comprises ground floor retail shop t/a Ladbrokes. The property benefit from vehicular access at rear and provides the following accommodation and dimensions:
Retail Shop: 123 sq m (1,324 sq ft)
Open plan retail, office, kitchen, store, wc
Tenancy:
The property is at present let to Ladbrokes Betting and Gaming Limited for a term of 10 Years from 1st March 2020 at a current rent of £26,800 p.a. And the lease contains full repairing and insuring covenants. Rent review on 1st March 2025 outstanding. Tenant break option in 2025 not exercised.
Tenure:
To be held on a new 999 year lease from completion at a ground rent of peppercorn.
Location:
The market town of Bridgwater is located 10 miles north-east of Taunton and 33 miles south-west of Bristol. The town lies adjacent to the M5 motorway (Junctions 23 and 24) which provides access to Bristol, The Midlands and the South-West, with the A39 providing east/west links. Bridgwater Rail Station provides regular services to Taunton (10 mins), Exeter St Davids (37 mins) and Bristol Temple Meads. The property is situated in a busy pedestrianised position between Angel Place Shopping Centre and the main retail area Fore Street. Occupiers close by include Lloyds Bank (adjacent), NatWest, Specsavers, Greggs, kfc, Prezzo, Sports Direct, Costa, wh Smith, Boots, HSBC and Vodafone amongst many others.
Gross Initial Yield: 8.94%
Rental Income: £26,800 p.a.
VAT is applicable to this property
Comprises large ground floor retail shop t/a Ladbrokes
Situated in a busy pedestrianised position between Angel Place Shopping Centre and the main retail area Fore Street, with occupiers nearby including Lloyds Bank (adjacent), NatWest, Specsavers, Greggs, kfc, Prezzo, Sports Direct, Costa Coffee and many more.
Property Description:
Comprises ground floor retail shop t/a Ladbrokes. The property benefit from vehicular access at rear and provides the following accommodation and dimensions:
Retail Shop: 123 sq m (1,324 sq ft)
Open plan retail, office, kitchen, store, wc
Tenancy:
The property is at present let to Ladbrokes Betting and Gaming Limited for a term of 10 Years from 1st March 2020 at a current rent of £26,800 p.a. And the lease contains full repairing and insuring covenants. Rent review on 1st March 2025 outstanding. Tenant break option in 2025 not exercised.
Tenure:
To be held on a new 999 year lease from completion at a ground rent of peppercorn.
Location:
The market town of Bridgwater is located 10 miles north-east of Taunton and 33 miles south-west of Bristol. The town lies adjacent to the M5 motorway (Junctions 23 and 24) which provides access to Bristol, The Midlands and the South-West, with the A39 providing east/west links. Bridgwater Rail Station provides regular services to Taunton (10 mins), Exeter St Davids (37 mins) and Bristol Temple Meads. The property is situated in a busy pedestrianised position between Angel Place Shopping Centre and the main retail area Fore Street. Occupiers close by include Lloyds Bank (adjacent), NatWest, Specsavers, Greggs, kfc, Prezzo, Sports Direct, Costa, wh Smith, Boots, HSBC and Vodafone amongst many others.
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Monthly repayment
£1,500 per month
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