Fully let investment for sale in Street

This property is marketed by:
Greenslade Taylor Hunt

Key features

Prominent location fronting the High Street within the town centre.

Fully let investment with long standing established tenants.

Shop 2,252 sq ft. and first floor offices 816 sq ft.

Ground floor let to St. Margaret's Somerset Hospice until 6th March 2029 and first floor to De Martin & Co. Ltd. until 27th August 2027.

Description

A terraced two storey property of stone construction with a pitched tile covered roof and an attractive good sized glazed shop front. The ground floor comprises a sizeable retail unit which also has use of a small first floor store. To the left of Brights; which is under separate ownership and not part of the sale, is a door providing independent access to the first floor offices which are arranged as four separate office rooms, a kitchen and bathroom.

We understand the first floor was originally used as residential accommodation and could readily be converted into a two bedroomed flat subject to any required consents.

Prominent location fronting the High Street within the town centre.

Fully let investment with long standing established tenants.

Shop 2,252 sq ft. and first floor offices 816 sq ft.

Ground floor let to St. Margaret's Somerset Hospice until 6th March 2029 and first floor to De Martin & Co. Ltd. until 27th August 2027.

Rent £21,000 pa, rising to £21,500 pa from August 2025.

St. Margaret's Somerset Hospice rent reflects £17.30 psf za. Rent review this year. De Martin & Co.'s rent based upon £9.50 psf on offices.

First floor suitable for conversion to two bed flat.

Guide price £235,000, reflecting a net initial yield of 8.8% after allowing for purchasers costs.