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4 Church St 3,634 SF Retail Building Taunton TA4 3AT $369,197 ($101.60/SF) 9.20% Cap Rate
Investment Highlights
- Freehold retail investment opportunity
- Tenant in occupation for over 20 years
- Strong covenant tenant: Cooperative Group Limited
Executive Summary
The property comprises a well-located village retail investment in Bishops Lydeard, Somerset, producing a total income of £26,450 per annum. The asset is let to the Cooperative Group Limited, a strong covenant tenant, which has occupied the premises for over 20 years.
The commercial accommodation extends to approximately 3,634 sq ft over ground and first floors and benefits from a prominent retail frontage on Church Street. The freehold interest is offered subject to the existing lease, providing investors with a secure income stream and an attractive net initial yield of circa 9.2%.
The commercial accommodation extends to approximately 3,634 sq ft over ground and first floors and benefits from a prominent retail frontage on Church Street. The freehold interest is offered subject to the existing lease, providing investors with a secure income stream and an attractive net initial yield of circa 9.2%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,634 SF
Building Class
B
Year Built
1900
Price
$369,197
Price Per SF
$101.60
Cap Rate
9.20%
NOI
$33,966
Tenancy
Single
Building Height
2 Stories
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4 Church St
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