Multi-let investment for sale in Bridgwater

This property is marketed by:
Greenslade Taylor Hunt

Key features

• Town centre multi-let investment.
• Current Gross Income of £37,160.00 per annum but once fully let could produce a gross income of £43,160.00 per annum.
• Internal floor area of 7,467 sq ft spread over ground and first floors.
• Guide Price of £375,000.

Description

A prominent building close to the town centre which comprises two self contained retail units and 9 serviced office suites located on the first floor.

The shops are both currently let, Shop 1 on a 12 year lease with Shop 2 on a 10 year lease. Shop 1 is let to Biddiscombes, a long standing carpet and furniture business, spread over ground and first floor with superb display frontage onto Old Taunton Road and over the neighbouring Taunton Road, one of the main thoroughfares in and out of Bridgwater’s town centre.

Shop 2 is let to a private individual t/a Four Seasons Health and Beauty offering massage and alternative treatments. Shop 2 has good display frontage over Old Taunton Road and has the added security of roller shutter doors.

The first floor office suites in Acorn House are let to various businesses on short term agreements. The offices are provided with a communal kitchen and WC block along with an air heating and cooling system.

Location

The property is located on Old Taunton Road which is situated within Bridgwater’s town centre. The property is only a short walk from Bridgwater’s main shopping area Cornhill and the High Street. Bridgwater, with a population of 41,000, is a market town located 9 miles north east of Taunton and 40 miles south of Bristol. The town benefits from access to both Junctions 23 and 24 of the M5 motorway and has attracted substantial residential and commercial development in recent years, with Hinkley Point C creating further opportunities in both sectors.