£255,000
Retail premises for sale
Property photos
Just added
£255,000
(£167.10/sq. ft)
Retail premises for sale
St. John Street, Bridgwater TA61,526 sq. ft
Local area information
Property location
Nearby amenities
- Eastover Community Primary School 0.1 miles
- Bridgwater 0.2 miles
- Northgate Primary School 0.4 miles
- Bridgwater Ferry Terminal 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Bridgwater to find out more about the local area.
Features and description
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%.
More information
Listed by
Lyndon Brett Partnership
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