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AGENT'S DETAILS


Bridgwater – Freehold Shops and Residential Investment

For sale: £250,000.00|1686 Sq Ft|Flat, Retail - High Street, Mixed Use, General Retail, Residential, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£250,000.00
SIZE1686 Sq Ft
ADDRESS1/2/5A/B/C Court Street, Bridgwater, Somerset TA6 3BZ
TYPEFlat, Retail - High Street, Mixed Use, General Retail, Residential, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
Comprises four shop units and a flat.
Town centre location.
Just off pedestrianised Fore Street.
VAT is NOT applicable to this property.
Occupiers close by include Santander (adjacent), Brighthouse, EE, O2, Clintons and Halifax.

Property Description:
The property is arranged on ground and one upper floor to provide four ground floor shop units with ancillary/storage accommodation on the first floors above Nos 1 and 2 Court Street and a self-contained flat above Nos 5B and 5C Court Street which is accessed from the front.

Tenancy:
Shop No. 1 is at present let to S Munro for a term of 3 years from 1st August 2018 at a current rent of £5,700 per annum and the lease contains full repairing and insuring covenants. Deposit held of £1,425.

Shop No. 2 is at present let to A Cambrook for a term of 3 years from 14th June 2019 at a current rent of £5,700 per annum and the lease contains full repairing and insuring covenants. The lease provides the tenant with option to determine on the 13th December 2020. Deposit held of £1,425.

Shop No. 5B is at present let to A J Bell t/a AJ’s Hair Salon for a term of 3 years from 23rd October 2013 (Holding Over) at a current rent of £3,750 per annum and the lease contains full repairing and insuring covenants.

Shop No. 5C is at present let to D Tonnard t/a The Hungry Caterpillar for a term of 6 years from 1st October 2007 (Holding Over) at a current rent of £4,750 per annum and the lease contains full repairing and insuring covenants.

The first floor residential flat (No. 5A) is at present let on an AST to an individual for a term of 6 months from 6th December 2014 (Holding Over) at a current rent of £4,380 per annum. Deposit held of £350.

Location:
The market town of Bridgwater, which has a population of 36,000, is the administrative centre of Sedgemoor district and is located 9 miles north-east of Taunton and 40 miles south of Bristol. The town benefits from its proximity to the M5 Motorway, which is located immediately to the east of the town (Junctions 23 and 24). The property is situated on the west side of Court Street, just off the pedestrianised Fore Street, in the heart of the town centre. Occupiers close by include Santander (adjacent), Brighthouse, EE, O2, Clintons and Halifax.

LOCATION

Location: 1/2/5A/B/C Court Street, Bridgwater, Somerset TA6 3BZ

Bridgwater (0.5 miles)

Highbridge & Burnham (6.3 miles)

Taunton (8.5 miles)

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