£325,000
(£245.47/sq. ft)
Retail premises for saleCornhill, Bridgwater TA6
1,324 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 8.25%
Rental Income: £26,800 p.a.
VAT is applicable to this property
Comprises ground floor retail shop t/a Ladbrokes
Residential apartments above and shop No.28 have been sold-off on 999-year leasehold
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 includes Shop No.28 and residential apartments on first, second and third floor which have been sold-off on long leasehold. The retail shops benefit of vehicular access at rear and provide the following accommodation and dimensions:
Ground Floor Shop No.27: 123 sq m (1,324 sq ft)
Open plan retail, office, kitchen, store, wc
Ground Floor Shop No.28: Sold-off
First, Second, Third Floor Residential Flats: Sold-off
Total commercial gia: 123 sq m (1,324 sq ft)
Tenancy:
Shop No.27 is at present let to Ladbrokes Betting and Gaming Ltd 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.
Shop No.28 has been sold-off on long leasehold for a term of 999 Years from 9th May 2025 at a ground rent of peppercorn.
The residential apartments have been sold-off on long leasehold for a term of 999 Years from 2nd September 2016 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: 8.25%
Rental Income: £26,800 p.a.
VAT is applicable to this property
Comprises ground floor retail shop t/a Ladbrokes
Residential apartments above and shop No.28 have been sold-off on 999-year leasehold
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 includes Shop No.28 and residential apartments on first, second and third floor which have been sold-off on long leasehold. The retail shops benefit of vehicular access at rear and provide the following accommodation and dimensions:
Ground Floor Shop No.27: 123 sq m (1,324 sq ft)
Open plan retail, office, kitchen, store, wc
Ground Floor Shop No.28: Sold-off
First, Second, Third Floor Residential Flats: Sold-off
Total commercial gia: 123 sq m (1,324 sq ft)
Tenancy:
Shop No.27 is at present let to Ladbrokes Betting and Gaming Ltd 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.
Shop No.28 has been sold-off on long leasehold for a term of 999 Years from 9th May 2025 at a ground rent of peppercorn.
The residential apartments have been sold-off on long leasehold for a term of 999 Years from 2nd September 2016 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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