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Description
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. William Hill in occupation £12,000pa FRI Lease with 7 years unexpired. Market rental £20,000 annually.
Let to William Hill for a term of 10 years from 16 Aug 2023 to 15 Aug 2033. Breaks: Tenant only at year 5 and year 8 with 6 months’ notice Rent: £12,000 per annum, payable quarterly in advance.
Double fronted ground floor retail unit The area has been calculated to extend to the following net areas: Circa 1,600 sq ft
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £12,000 PER ANNUM
The property is situated in the centre of the market town of Bridgwater, with local amenities close including Bridgwater Railway Station. The town centre offers an extensive range of services.
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. William Hill in occupation producing £12,000 per annum on a FRI Lease with 7 years unexpired. Let to William Hill for a term of 10 years from 16 Aug 2023 to 15 Aug 2033. Market rental £20,000 annually so significant prospects for rental growth. Breaks: Tenant only at year 5 and year 8 with 6 months’ notice Rent: £12,000 per annum, payable quarterly in advance. Double fronted ground floor retail unit The area has been calculated to extend to the following net areas: Circa 1,600 sq ft PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £12,000 PER ANNUM The property is situated in the centre of the market town of Bridgwater, with local amenities close including Bridgwater Railway Station. The town centre offers an extensive range of services.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 10 Years
Rent: £12,000 per year / £1,000 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: the property is currently let to William Hill for a term of 10 years from 16 Aug 2023 to 15 Aug 2033. Breaks: Tenant only at year 5 and year 8 with 6 months’ notice Rent: £12,000 per annum, payable quarterly in advance Reviews: 5th and 8th anniversaries
Maps & Location
Map Street View SatelliteSt John Street runs through Bridgwater, connecting with roads such as South Street, Queen Street, Priory Road, Broad Street, and Southover. St John Street is a key local route in Bridgwater and has seen typical town maintenance, including footway improvements. Bridgewater is a market town and civil parish in the county of Somerset, in South West England. It lies on the River Parrett, near the Somerset Levels, with the Mendip Hills to the north and the Quantock Hills to the west. Bridgwater is a historic, evolving town with strong industrial roots, a lively community, good transport links, and scenic surroundings that make the Bridgwater area a significant part of Somerset’s cultural and economic landscape.
Document Downloads
Pricing Information & Bidding
Opening Bid: £112,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 31-33St John Street, William Hill Investment, Bridgwater