Warrens Bakery, Bridgwater

 

16 Cornhill, Bridgwater, Somerset TA6 3BX

Offers in excess of
N/A
Acquired
Type - Mixed
Tenant type - Restaurant
  • Tenure: Freehold
  • Gross Rent: £32,000
  • Lease Term: 10 years from Jul '17
  • VAT applicable?: N

Property Description

  • Freehold Blue-Chip Mixed Investment.
  • Property comprises a shop with 3 recently converted flats above.
  • Listed building.

Location Description

  • Bridgwater is at the edge of the Somerset Levels, in level and well-wooded country.
  • Its population currently stands at around 35,886 as of 2011.
  • Prime retail pitch with nearby occupiers including Costa, Sports Direct & Boots.

Additional Notes

  • Shop is let to JT Retail Bakeries Ltd T/A Warrens Bakery on a 10 yr lease from July 17 with break & r/r at yr 5. Rent is £15,000 p.a.
  • Flats - 2 x 2 Bed's on first & second floors with a 1 Bed on the top floor.
  • The 2 beds would rent for circa £6k p.a & the 1-bed flat for £5k p.a – therefore the total rental income could be circa £32k

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