Investment in High Street is a Cut Above
July 2022
Commercial property experts Greenslade Taylor Hunt are marketing an attractive opportunity in the heart of a thriving Somerset town.
The Mount, at 21 High Street, Wellington, is a substantial Grade II listed building, with two long established tenants occupying the ground and first floor of this prominently located premises.
Duncan Brown, Commercial Partner at GTH, said: “These types of mixed use investments providing a good return rarely come to the market.”
Close to two supermarkets and extensive parking facilities the premises comprise a former basement café, a hair salon on the ground floor and first floor offices.
It generates an income of £20,000 per annum. It is on the market at a guide price of £325,000 – reflecting an estimated yield of 8.77% after purchaser’s costs and has an estimated ERV (estimated rental value) of £29,000 when fully let.
Wellington continues to expand on the commercial and residential front – around 12,000 people live there, increasing demand for amenities in the town centre.
For more information and to arrange a viewing please contact Duncan Brown or Joseph Hughes on 01823 334455 or email duncan.brown@gth.net or joseph.hughes@gth.net
The Mount, at 21 High Street, Wellington, is a substantial Grade II listed building, with two long established tenants occupying the ground and first floor of this prominently located premises.
Duncan Brown, Commercial Partner at GTH, said: “These types of mixed use investments providing a good return rarely come to the market.”
Close to two supermarkets and extensive parking facilities the premises comprise a former basement café, a hair salon on the ground floor and first floor offices.
It generates an income of £20,000 per annum. It is on the market at a guide price of £325,000 – reflecting an estimated yield of 8.77% after purchaser’s costs and has an estimated ERV (estimated rental value) of £29,000 when fully let.
Wellington continues to expand on the commercial and residential front – around 12,000 people live there, increasing demand for amenities in the town centre.
For more information and to arrange a viewing please contact Duncan Brown or Joseph Hughes on 01823 334455 or email duncan.brown@gth.net or joseph.hughes@gth.net