Long Street, Other Business

An opportunity to purchase a mixed use investment property currently producing a yield of 8.4% per annum with scope for enhancement. This three storey imposing detached building is divided into four self-contained 1 bedroom flats with ground floor commercial/shop premises together with parking at the rear and is conveniently located on the level within walking distance of the main thoroughfare and shopping area.

The ground floor has an area of approximately 1200 sq. ft. is let on a recently renewed 6 year lease producing £9600 per annum. Three of the flats are also currently let on short hold tenancies producing £15,600 per annum.

EPCs
Commercial – TBC
Flat 1 32 Long Street – D
Flat 2 32 Long Street – E
Flat 1 34 Long Street – TBC
Flat 2 34 Long Street – TBC

Tenancies
Commercial element let on a new 6 year lease at £9,600 per annum

Flat 1 32 Long Street let on an assured shorthold tenancy at a rent of £450 per month

Flat 2 32 Long Street let on an assured shorthold tenancy at a rent of £425 per month

Flat 1 34 Long Street is vacant

Flat 2 34 Long Street let on an assured shorthold tenancy at a rent of £425 per month

LOCATION
Williton's shops and amenities are within a third of a mile where there are supermarkets, bank, post office, health centre, library, inns, restaurants, schools, church, garage and a station on the West Somerset steam railway. West Somerset’s premier coastal resort of Minehead is approximately nine miles and the county town of Taunton which has main line rail connections and access to the motorway network is approximately sixteen miles to the east. For those who enjoy exploring the countryside, the Exmoor, Quantock, Brendon hills, coast and many other beauty spots of the area are all close to hand.

SERVICES
Mains water, drainage and electricity.

TENURE
Freehold