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INVESTMENT HIGHLIGHTS
- Freehold.
- £88,400 of income secured from Co-Operative Foodstores Ltd.
- Fully let mixed use investment with convenience store, retail unit and 5 flats.
- Total rental income of £137,000 per annum.
EXECUTIVE SUMMARY
The historical market town of Wellington is located approximately 55 miles south west of Bristol and 28 miles north east of Exeter. It has a population of around 14,500 and is well connected by road via Junction 26 of the M5 and the A3, which also links to Taunton which is 7 miles distant. The A38 dual carriageway runs south of the town centre linking Wellington with Taunton to the east and Tiverton to the west. Junction 26 of the M5 is located 2.2 miles to the south of the town centre providing direct access to Bristol and Exeter and the wider national motorway network. The building occupies a prominent trading position in the town centre close to the junction with South Street. Other nearby retailers include Coffee#1, Superdrug, Greggs, WH Smith, J D Wetherspoon Boots, Coral and Lloyds. There is a public car park immediately behind the property.
Freehold Mixed Use Investment in Historic Market Town 4-6 Fore Street is a 3-storey terraced building comprising a ground floor retail unit, ground floor triple fronted Supermarket with ancillary accommodation at the rear and at first floor level and a storage unit to the rear. There is a separate rear stairway providing access to 5 flats, 3 Self-Contained Flats and a further 2 flats. There is a rear service access for unloading. There is parking for both Co- Op and Flat 1 and 2, 4a Fore Street to the rear.
Freehold Fully let mixed use investment with convenience store, retail unit and 5 flats.
Freehold Mixed Use Investment in Historic Market Town 4-6 Fore Street is a 3-storey terraced building comprising a ground floor retail unit, ground floor triple fronted Supermarket with ancillary accommodation at the rear and at first floor level and a storage unit to the rear. There is a separate rear stairway providing access to 5 flats, 3 Self-Contained Flats and a further 2 flats. There is a rear service access for unloading. There is parking for both Co- Op and Flat 1 and 2, 4a Fore Street to the rear.
Freehold Fully let mixed use investment with convenience store, retail unit and 5 flats.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
9,293 SF
Building Class
B
Year Built
1961
Price
$2,531,544
Price Per SF
$272.41
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Energy Performance Rating - E
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Gorilla Vapes
- -
- 783 SF
- -
- Oct 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Gorilla Vapes | - | 783 SF | - | Oct 2027 |
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