Business for Sale in YEOVIL, Somerset INVESTMENT PROPERTY OPPORTUNITY

Key Information

Reference

INV37063X

Tenure

Freehold

Status

For Sale

Region

Somerset

Sector

Investment Properties

Annual Sales

£21,900.00 Exc. VAT

Accommodation

Yes

Business Information

Attractive FREEHOLD INVESTMENT PROPERTY OPPORTUNITY, occupying edge of YEOVIL town centre trading position, surrounded by other businesses to include catering establishments creating a coffee culture feel, close main shopping area with national retailers, and the famous St John the Baptist church. Fronting pedestrian thoroughfare linking the town centre with the hospital, ensuring the area remains a popular place to trade and live. benefiting from free restricted stay on street car parking adjacent and shopper’s car parks close by, and other residential areas only a short walk away.

Comprising an eye-catching terraced property, particularly well maintained and presented to a high standard, with no major expenditure considered necessary. Offering ground floor commercial premises currently trading as an aesthetics and beauty clinic offering several treatment rooms, together with kitchen, cloakroom facilities, and enclosed rear yard. Were previously 2 properties/shops and could again be split at a future date. A lovely light and airy self-contained flat can be found at first floor level comprising kitchen/breakfast room, sitting room, 2 double bedrooms and bathroom.

Property under current ownership nearly 20 years, very well managed with all legislation met and certificates held. Commercial premises let on 7 year Lease which commenced in 2023, the existing tenant having renewed their lease, current rental £12,000 per annum, tenants benefiting from 100% business rate relief. Flat always let separately on an Assured Short Tenancy Agreement, with a rental income of £825 per month currently achieved equating to £9,900 per annum. Total combined rental income equates to £21,900 per annum representing a yield just short of 10%.

Freehold £230,000 Ref: INV37063X