£255,000
(£167.10/sq. ft)
Retail premises for saleSt. John Street, Bridgwater TA6
1,526 sq. ft
Just added
About this property
Description:
This Freehold property comprises a ground floor retail unit, currently trading as The Laundry Room and operating as a launderette, together with 2 No. Self-contained residential flats arranged over the first and second floors. The flats are accessed independently via a separate entrance at the front of the building.
All areas are currently let, offering an attractive and fully income generating investment opportunity.
The property also benefits from an enclosed rear garden, accessible from both the shop and the first-floor flat.
Accommodation:
The property provides the following:
65 St John Street - 649 ft²
Flat 1,65A St John Street - 443 ft²
Flat 2,65A St John Street - 434 ft²
Services:
Mains electricity, gas, water and drainage are connected to the property.
(Any purchaser must satisfy themselves independently as to the state and condition of such items.)
Investment:
The property has a current rental income of £24,480 per annum, based on the 2 No. Flats and 1 No. Retail Shop.
65 St John Street - 15 year proportional Full Repairing and Insurance Lease, until February 2034. Rent subject to 3 yearly market rent reviews.
Flat 1,65A St John Street - Rolling 6 month AST as of April 2024.
Flat 2,65A St John Street - Rolling 6 month AST as of August 2024.
Based on the guide price, the gross initial yield reflects 9.6%.
This Freehold property comprises a ground floor retail unit, currently trading as The Laundry Room and operating as a launderette, together with 2 No. Self-contained residential flats arranged over the first and second floors. The flats are accessed independently via a separate entrance at the front of the building.
All areas are currently let, offering an attractive and fully income generating investment opportunity.
The property also benefits from an enclosed rear garden, accessible from both the shop and the first-floor flat.
Accommodation:
The property provides the following:
65 St John Street - 649 ft²
Flat 1,65A St John Street - 443 ft²
Flat 2,65A St John Street - 434 ft²
Services:
Mains electricity, gas, water and drainage are connected to the property.
(Any purchaser must satisfy themselves independently as to the state and condition of such items.)
Investment:
The property has a current rental income of £24,480 per annum, based on the 2 No. Flats and 1 No. Retail Shop.
65 St John Street - 15 year proportional Full Repairing and Insurance Lease, until February 2034. Rent subject to 3 yearly market rent reviews.
Flat 1,65A St John Street - Rolling 6 month AST as of April 2024.
Flat 2,65A St John Street - Rolling 6 month AST as of August 2024.
Based on the guide price, the gross initial yield reflects 9.6%.
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£1,275 per month
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