Business for Sale in Chard, Somerset PRIME HIGH STREET FREEHOLD INVESTMENT PROPERTY OPPORTUNITY, BUSY SOUTH SOMERSET TOWN

Freehold Price £200,000

Key Information

Reference
INV35557X
Tenure
Freehold
Status
For Sale
Region
Somerset
Sector
Catering Premises
Annual Sales
£14,000.00 Exc. VAT
Accommodation
No

Business Information

PRIME HIGH STREET FREEHOLD INVESTMENT PROPERTY OPPORTUNITY, BUSY SOUTH SOMERSET TOWN. FRONTING THE MAIN SHOPPING/PEDESTRIAN THOROUGHFARE OF CHARD TOWN CENTRE, BEING HIGHLY VISIBLE, SURROUNDED BY POPULAR BUSINESSES TO INCLUDE NATIONAL NAMES – WEATHERSPOON’S, COSTA COFFEE, NATIONWIDE, CORAL, AND POUNDSTRETCHER, PLUS OTHER BUSINESSES – SOLICITORS, OPTICIANS AND ESTATE AGENTS, THE TOWN HAVING RECENTLY BENEFITED FROM RECENT £2 MILLION IMPROVEMENT SCHEME.

A UNIQUE LANDMARK PROPERTY, A FORMER CHAPEL, VERY DECEPTIVE IN APPEARANCE WITH INTERNAL VIEWING ESSENTIAL TO APPRECIATE SIZE AND NATURE OF THE PROPERTY. IN THE REGION OF 1,800 SQUARE FEET, BENEFITING FROM CATERING USE AND HOLDING ALCOHOL LICENCE, CURRENT TENANTS TRADING AS DAYTIME CAFÉ. CURRENTLY CONFIGURED TO PROVIDE GROUND FLOOR DINING AREA, COMMERCIAL KITCHEN AND CLOAKROOM FACILITIES, THE FIRST FLOOR PROVIDING A MOST ATTRACTIVE GALLERIED AREA CONSIDERED SUITABLE FOR NUMEROUS USES.

UNDER CURRENT OWNERSHIP SINCE 2000, CURRENTLY LET ON RESIDUE OF 7 YEAR LEASE WHICH COMMENCED IN 2020, RENT RECEIVED CURRENTLY AMOUNTING TO £14,000 PER ANNUM REPRESENTING 7% YIELD BASED ON GUIDE PRICE. CONSIDERED A VALUABLE VERSATILE PROPERTY LENDING ITSELF TO VARIOUS CONFIGURATIONS/USES SHOULD THE NEED EVER ARISE POTENTIALLY GENERATING INCREASED RENTAL INCOME SUCH IS THE NATURE OF THE PROPERTY AND TRADING POSITION.

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Bristol, Somerset, Wiltshire, Gloucestershire and South Worcestershire

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