High Street, Royal Wootton Bassett

Investment

Property Overview


Address
37 High Street, Royal Wootton Bassett
Property Type:
Investment
Sale Price:
£424,000
Income:
£28,750
Yield:
6.5%

Property Agent

High Street, Royal Wootton Bassett

Key Features

  • Prime High Street retail investment
  • Let on on a new lease to Card Factory
  • Total current income: £28,750 per annum
  • Price £424,000
  • Net initial yield 6.50%

Property Description

The property is an attractive building arranged over ground and first floors. It has brick and rendered elevations under a pitched, slate roof. The property provides ground floor sales accommodation and ancillary accommodation on the first floor. Thereis a large enclosed rear yard at the rear which provides access for deliveries and parking forseveral vehicles.

TENANCY
The entire property is let to Sportswift Ltd – t/a Card Factory – on FRI terms for 5 years from 8 April 2019, expiring 7 April 2024. The rent is £28,750 per annum.

EPC
Rated ‘B’
Certificate available upon request.

VAT
We understand the property has been elected for VAT. It is anticipated thatthe sale will be treated as a transfer ofgoing concern (TOGC).

PROPOSAL
We are instructed to seek offers in theregion of £424,000 (Four Hundred and Twenty-Four Thousand Pounds), subject to contract and VAT. A price at this level would reflect a net initial yield of 6.50%after purchaser’s costs of 4.32%.

Property Agent


Fawcett Mead

020 7182 7480


Enquire About this Property



Property: High Street, Royal Wootton Bassett.
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