1,2,5a,5b,5c Court Street, Bridgwater, Somerset, TA6
£169.68 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,768 sq ft
164 sq m
- SECTOR
1 bedroom mixed use property for sale
- USE CLASSUse class orders: C3 Dwelling Houses and Class E
C3, E
Description
Gross Initial Yield: 9.17%
Rental Income: £27,520 p.a.
VAT is NOT applicable to this property
Comprises 4 x Retail Shops and 1 x 1-Bed Flat
Three of the tenants in occupation since 2007, 2013 and 2014
Occupiers close by include Santander (adjacent), Boots, EE, O2, Lloyds Bank and more
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 floor above No. 1 and 2 Court Street and a self-contained flat above No. 5B and 5C Court Street which is accessed from the front. The property provides the following accommodation and dimensions:
Shop No.1: 35.50 sq m (482 sq ft)
Ground floor shop with ancillary at first floor
Shop No.2: 34.80 sq m (374 sq ft)
Ground floor shop with ancillary at first floor
Shop No.5B: 19.16 sq m (206 sq ft)
Ground floor shop
Shop No.5C: 24.30 sq m (262 sq ft)
Ground floor shop
Flat No.5A: 43.00 sq m (462 sq ft)
First floor 1-Bedroom flat
Total Commercial Area: 113.76 sq m (1,324 sq ft)
Total Residential Area: 43 sq m (462 sq ft)
Tenancy:
Shop No. 1 is at present let to an Individual t/a Gift Shop for a term of 3 years from 18th July 2022 at a current rent of £7,020 per annum and the lease contains full repairing and insuring covenants. Deposit held of £1,170.
Shop No. 2 is at present let to an Individual t/a Sweets Shop for a term of 6 years and 11 Months from 1st January 2023 at a current rent of £6,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 01.01.26 open market upward only Deposit held of £500.
Shop No. 5B is at present let to an Individual t/a 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 an Individual t/a Sandwich Shop for a term of 5 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.
Flat No. 5A is at present let on AST to an Individual for a term of 24 months from 1st June 2023 at a current rent of £6,000 per annum. Deposit held of £350. Tenant in occupation since 2014.
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), Boots, EE, O2, Lloyds Bank and more.
Brochures
1,2,5a,5b,5c Court Street, Bridgwater, Somerset, TA6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bridgwater Station0.5 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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