Retail premises for sale in King Street, Bridgwater TA6

Location

The property is prominently located along King Street, which leads onto Fore Street, the prime retail pitch within Bridgwater’s town centre.

Bridgwater’s resident population is approaching 45,000, boasting a thriving town centre and offering a pleasant working environment. The development of Hinkley Point C will boost the local economy and promote growth within the town and the surrounding areas.

Bridgwater has two motorway interchanges, namely Junction 23 at Dunball and the nearby J24 at Huntworth located approximately 2 miles to the south along the A38 Taunton Road.

Description

The property comprises of three terraced commercial properties with frontage onto King Street. Each property provides aground floor retail accommodation with additional first floor ancillary accommodation.

Schedule

8 King Street
Lease expiry May 2029. Tenant Break in May 2026. Rent - £6,500 pa
10 King Street
Lease expiry May 2033. Rent - £7,221.26 pa
12 King Street
Lease expiry April 2029. Rent - £6,715 pa

Total Annual Income - £20,436.26 pa

Business rates

Rateable Values are set out below taken from the voa listing from 1st April 2023.
8 King Street - £6,000 per annum.
10 King Street – £5,800 per annum.
12 King Street - £5,500 per annum.

EPC

8 King Street – D99. Expiry 10/4/2033.
10 King Street – D92. Expiry 14/5/2028.
12 King Street – E121. Expiry 7/4/2029.

Guide price

£255,000 for the freehold interest.

Legal costs

Each party will be responsible for their own legal costs incurred.

VAT

Payable at the applicable rate.

Contact

Tony Mc Donnell mrics