Available
Yeovil – Double Fronted Cafe
48 Middle Street, Yeovil, Somerset BA20 1LXFreehold Retail Investment with Future Development Potential
Price
£375,000
Rent P.A.
£30,000
Yield
8.00%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
2y 10m
Area
2,554 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Tenant’s break clause in 2024 NOT exercised
- Property benefits from newly replaced roof
- Comprises double fronted ground floor shop with ancillary accommodation at first floor
- Future residential development, subject to vacant possession and obtaining planning
- Situated within 50 metres south of the Quedam Shopping Centre with occupiers nearby including Boots the Chemist, Waterstones, Specsavers and Nationwide, Ladbrokes and more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises double fronted ground floor shop t/a café with ancillary accommodation at first floor. The property benefits from rear yard and newly replaced roof, providing the following accommodation and dimensions:
Ground Floor: 186.50 sq m (2,008 sq ft)
Open plan café, Store, WCs
First Floor: 50.70 sq m (546 sq ft)
Ancillary, Storage
Total area size: 232.70 sq m (2,554 sq ft)
Ground Floor: 186.50 sq m (2,008 sq ft)
Open plan café, Store, WCs
First Floor: 50.70 sq m (546 sq ft)
Ancillary, Storage
Total area size: 232.70 sq m (2,554 sq ft)
Tenancy Description
The property is at present let to Nowbelieve Ltd for a term of 5 Years from 28th September 2022 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 27th September 2025 open market upward only. Break clause in 2024 NOT exercised. Lease within Landlord & Tenant Act 1954. Deposit held of £7,500.
Tenancies & Accommodation
Location Description
The property is situated in a prominent position on the south side of pedestrianised Middle Street in the heart of the town centre and some 50 metres south of the Quedam Shopping Centre with occupiers nearby including Boots the Chemist, Waterstones, Specsavers and Nationwide, Ladbrokes and more.
