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76 High St 1,585 SF 100% Leased Retail Building Wells BA5 2AJ $367,039 ($231.57/SF)
INVESTMENT HIGHLIGHTS
- Grade II Listed building
- Open plan sales area with wood laminate flooring and LED strip lighting
- Fire place feature
- Investment to be producing £24,000 per annum once lease has completed
EXECUTIVE SUMMARY
Terms have been agreed with The Dogs Trust to lease the premises on a 10 year lease with a break on the 5th anniversary at a rent of £24,000 per annum on an internally repairing and insuring lease plus capped service charge rising with RPI. on the ground floor and subject to the two residential long leases at a Freehold Guide Price of £275,000 reflecting a gross yield of 8.73%
The commercial element provides good display frontage onto the High Street and an open plan sales area to the front with LED strip lighting and wooden effect flooring. Towards the rear is a further sales area with feature fire place, office, WC and a store room with an emergency escape route to the rear.
The commercial element provides good display frontage onto the High Street and an open plan sales area to the front with LED strip lighting and wooden effect flooring. Towards the rear is a further sales area with feature fire place, office, WC and a store room with an emergency escape route to the rear.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
1,585 SF
Building Class
B
Year Built
1878
Price
$367,039
Price Per SF
$231.57
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.81
Lot Size
0.04 AC
Frontage
30’ on High St
AMENITIES
- Energy Performance Rating - B
- Storage Space
1 1
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76 High St
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