Duncan Brown, Commercial Partner at GTH, said: “These types of mixed use investments providing a good return rarely come to the market.”
One is an attractive opportunity in the heart of a thriving High Street. The Mount, at 21 High Street, Wellington, is a substantial Grade II listed building, with two long established tenants in a prominent position.
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 and has an estimated ERV of £29,000 when fully let. It is on the market at a guide price of £325,000 – reflecting a net initial yield of 8.77% after purchaser’s costs.
Wellington continues to expand on the commercial and residential front – there are around 12,000 residents, increasing demand for amenities in the town centre.
Meanwhile in Taunton the firm is marketing a mixed commercial and residential investment in a prominent spot close to the town centre.
The property at 14,15 and 16 Paul Street comprises three retail units, first floor offices and a well-presented one-bedroom flat. Each area of occupation is independently metered for utilities with the exception of the ground floor shop/office at 16 Paul Street and flat, which share the same electric - the flat has a sub-meter and water meters. All are let to long-standing tenants.
The premises are in a position with high footfall – close to the library and a range of national retail names including Marks and Spencer and Superdrug. The Orchard Shopping Centre is close by along with a newly built retirement apartment complex, plus a number of well-used car parks.
The property is on the market at a guide price of £515,000 reflecting a net initial yield of 8.35% after buyer’s costs.
For more information and to arrange viewings please contact Duncan Brown or Joseph Hughes on 01823 334455 or email firstname.lastname@example.org or email@example.com