INVESTMENT FOR SALE GUIDE PRICE £625,000
Town centre location. The property is fully let. Current passing rent is £50,500 per annum Total net internal area is 2,709 sq. ft.
The property is situated in a prominent location on the High Street in the heart of Yeovil town centre at the junction of High Street, Wine Street and Silver Street. Occupiers in the vicinity include Marks & Spencers, Game, Lloyds Bank and HSBC. The town benefits from a good supply of car parking close to the property with the nearest car parks located on North Lane, Court Ash and West Hendford.
The property is 3 storey building constructed of block with a rendered finish under a flat roof. The ground floor consists of two lock up retail units. There is a basement which is accessed from one of the retail units and is currently used for food prep and storage. The ground floor retail units are let to Finca Coffee and JT Retail t/a Warrens Bakeries with approximately 8 and 10 years remaining respectively. The two upper storeys are laid out as office accommodation and are let on two 12 month excluded tenancies.
ACCOMMODATION (Gross Internal Area)
11 High Street 30 sq. m / 325 sq. ft.
12 High Street 43 sq. m / 457 sq. ft. (Inc Basement) 59 sq. m. / 635 sq. ft.
First floor 71 sq. m / 764 sq. ft.
Second floor 49 sq. m / 528 sq. ft.
Total 252 sq. m / 2,709 sq. ft.
The property has mains electricity, water and drainage. No tests have been carried out in relation to services, nor are we able to comment on their condition.
The property is offered freehold subject to the existing leases. The current passing rent is £50,500 per annum. For further details on the tenancies please contact Chesters Commercial.
Guide Price £625,000.
ENERGY PERFORMANCE CERTIFICATE
Certificate no. 0710-0630-6699-1426-9006 Energy Performance Asset rating – D (95)
VAT is not chargeable on the sale.
RATEABLE VALUE (VOA Listing 2017)
11 High Street Shop & premises £13,500
12 High Street Café & premises £18,000
First floor Office & premises £7,800
Second floor Office & premises £3,450
For further information or to arrange a viewing please contact the Joint Sole Agents:
Telephone: (01935) 415454