Retail premises for sale

High Street, Bridgnorth WV16

Detailed Description

Property Overview:

This freehold property comprises four commercial units, currently generating a total annual rent roll of £52,000. With an asking price of £614,995, this equates to an attractive yield of 8.45%.
The building is situated in a prime location on High Street, Bridgnorth, surrounded by a mix of local independent businesses and well-established chains. Bridgnorth itself is a picturesque market town that draws in locals and tourists alike, offering a unique blend of traditional charm and modern amenities. The High Street enjoys significant footfall, making it a sought-after spot for commercial tenants.
Lease Details:
Attached, you will find a summary of the current leases, including expiry dates and review details. Highlights include:
" Unit 44A High Street: Occupied by Jessica Roberts, paying £8,500 p.a. On a monthly lease until 2029.
" Unit 44 High Street: Occupied by Mokhtar Asghar, paying £7,500 p.a. Quarterly, with a lease expiring in January 2025.
" Units 44-45 High Street: Occupied by Sam Gould/Casa Ruiz, paying £16,000 p.a. Quarterly, with a lease expiring in 2031.
" Unit 45 High Street: Occupied by The Hideout Cocktail Lounge Ltd, paying £20,000 p.a. Quarterly, with a lease expiring in 2030.

Why Invest in Bridgnorth?

Bridgnorth is renowned for its community appeal and steady growth. The town boasts excellent transport links and attracts visitors with its charming historic architecture, local events, and bustling High Street. As a landlord, you will benefit from a location that continues to attract high-quality tenants looking to capitalize on the area's footfall and charm.
This property offers a robust rental income, a diverse tenant mix, and a prime location in one of Shropshire's most desirable market towns.

Please Note: Apartments Flat A, Flat B & Flat C have been sold off on long leases. Ground rent of £100 p.a.