Investment Opportunity – Eastover, Bridgwater, TA6 5AW

Guide Price: £1,000,000 (Offers Over)

Tenure: For Sale

Call: (0)1278 458 241 Request details

Key Details

Description

The subject property comprises, a parade of 5 retail shops with 5 residential flats above on 2 2 floors, accessed by a staircase between 41 & 43 Eastover. The shops and flats are offered for sale subject to the tenancies outlined within the brochure. The shop premises are all occupied by local covenants and the residential properties are all let on AST’s.
The properties have vehicular access and parking to the rear, easily accessible off the A38 Broadway ring-road.

Situation

Bridgwater offers a wide range of amenities in the nearby Retail Park and on Fore Street. The town has a new cinema and bowling alley (Northgate Yard) as well as excellent transport links to the M5 Motorway and access to Bristol via the mainline railway station. A short distance to the West is Minehead and the Quantock Hills (an Area of Outstanding Natural Beauty) and the North Devon Coastline, whilst the County Town of Taunton lies 12 miles to the south.

Services

Mains Electricity, Gas, Water & Drainage are connected to the site. Telephone lines and internet will need to be connected by the tenants.

Directions

From Tamlyns’ Residential Sale & Lettings Office on Bridgwater High Street, head west towards North Street. Turn right at the Old Cinema on Penel Orlieu roundabout and head along Mount Street until you reach the River Parrett/The Clink. Go straight on at the lights, past the Retail Park on your left and turn right at the next Roundabout (The Cross Rifles pub). Eastover can be found approximately 500m on the right hand side at the lights and the property is on the right, Set back and identified by the “For Sale” board erected.

VAT

VAT is not applicable on the purchase price.

Planning

Currently listed as Retail & Residential usage.
Any planning or re-development proposal will require justification to the Local Authority and include extensive consultation with the Council & Highways Authority.

Viewings

Tamlyns will be pleased to meet any interested parties by calling us on 01278 458241 or email Tamlyns Land & Property Sales

Method of Sale

The property is for sale by Private Treaty.

Guide Price

The guide price is £1,000,000 (One Million Pounds)
This represents: Initial yield of 7% and reversionary yield of 10%

Consideration will be given to offers of smaller sections of the site but the vendor is not obliged to accept any offers. Offers will be considered independently for the individual units.

Important Notice

Tamlyns for themselves and the vendors of the property, whose agent they are, give notice that:
1. These particulars do not constitute a contract nor any part of any contract.
2. All statements contained within these particulars as to this property are without responsibility on the part of Tamlyns or the vendor.
3. None of the statements contained in these particulars as to this property are to be relied on as state or representation of fact.
4. Any intending purchaser must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars.