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2 Wellington New Rd 2,356 SF 100% Leased Retail Building Taunton TA1 5NF $516,016 ($219.02/SF) 7.47% Cap Rate
Investment Highlights
- ingle-storey retail showroom
- Attractive 7.47% NIY
- 10-year lease from December 2025 with break in year 5
Executive Summary
The property represents a fully let freehold retail showroom investment located in Taunton, producing £30,000 per annum. It is leased to High Seat Limited on a 10-year full repairing lease from 24 December 2025, with a tenant break option in December 2030 and a rent review at the 5th anniversary. The tenant is a well-established national ergonomic furniture retailer with strong financials and a resilient trading model. The quoting price of £385,000 reflects an attractive net initial yield of 7.47%, making this an appealing, secure income-producing asset in a prominent roadside location.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,356 SF
Building Class
B
Year Built
1999
Price
$516,016
Price Per SF
$219.02
Cap Rate
7.47%
NOI
$38,546
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
1 1
Nearby Major Retailers
1 of 5
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2 Wellington New Rd
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