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27-27A High St 2,451 SF 100% Leased Retail Building Bridgwater TA6 3BG $333,810 ($136.19/SF) 9% Cap Rate
Investment Highlights
- Comprises 2 No. Ground Floor Retail Shops
- The property also includes 4 No.Residential Apartments
- The Town benefits from excellent transport links to the M5
Executive Summary
The property has a current rental income of £22,610 per annum, based on the 2 No. Retail Shops. 27 High Street - 9 year proportional Full Repairing and Insurance Lease, until June 2033, break option as of June 2028. Rent subject to Annual RPI Reviews. 27A High Street - 11 year proportional Full Repairing and Insurance Lease, until June 2033, break option as of June 2027 and June 2028. Rent subject to Annual RPI Reviews. All 4 No. Flats were originally sold off in 2004, on 999 year Leaseholds with peppercorn rent. Based on the guide price, the gross initial yield refllects 9%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,451 SF
Building Class
B
Year Built
1899
Price
$333,810
Price Per SF
$136.19
Cap Rate
9%
NOI
$30,043
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
1.88
Lot Size
0.03 AC
Frontage
28’ on High St
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Security System
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
1 of 4
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27-27A High St
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