INVESTMENT FOR SALE
Guide Price of £695,000
Town centre location opposite St John’s Church. Current passing rent £56,380 per annum Potential for approx. £72,380 per annum once fully let.
The property is situated in a prominent location on the corner of Church Street and Church Path in the heart of Yeovil town centre, opposite St John’s Church. 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 a Grade II listed 2 storey building believed to date from the early 19th Century built of local ham stone under a welsh slate roof with mullioned and transomed windows.
Internally the property has been updated to provide a four retail units on the ground floor and office accommodation on the first floor.
The ground floor retail units share W/C and kitchen facilities which are located to the rear of the units. Of the four ground floor units two are occupied by Cyril Gallie Hair and Gap Recruitment, with the two vacant units currently being marketed for lease. The first floor is occupied by One Step Recruitment.
In addition, part of the ground floor is held by St Johns Church on a long leasehold basis.
ACCOMMODATION (all areas are approximate)
Gross internal area 702 sq. m / 7,557 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 combined passing rent is £56,380 per annum with potential to achieve £72,380 once fully let. For further details on the tenancies please contact Chesters Commercial.
Guide Price – £695,000
VAT is not chargeable on the sale.
RATEABLE VALUE (VOA Listing 2017)
Description Shop & premises 1 & 2 St Johns House £22,250 3 St Johns House £8,600 4 St Johns House £8,000 5 St Johns House £7,000 Description Office & premises First floor St Johns House £7,800