48 Middle St | Yeovil BA20 1LX
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
48 Middle St
Yeovil BA20 1LX
Retail Property For Sale
Executive Summary
Investment Consideration:
VAT is applicable to this property
Property benefits from newly replaced roof
Comprises double fronted ground floor shop with ancillary accommodation at first floor
Future residential development, subject to vacant possession and obtaining planning
Situated within 50 metres south of the Quedam Shopping Centre with occupiers nearby including Boots the Chemist, Waterstones, Specsavers and Nationwide, Ladbrokes and more.
Property Description:
The property comprises double fronted ground floor shop t/a café with ancillary accommodation at first floor. The property benefits from rear yard and newly replaced roof, providing the following accommodation and dimensions:
Ground Floor: 186.50 sq m (2,008 sq ft)
Open plan café, Store, WCs
First Floor: 50.70 sq m (546 sq ft)
Ancillary, Storage
Total area size: 232.70 sq m (2,554 sq ft
Tenancy:
The property is at present let to Nowbelieve Ltd for a term of 5 Years from 28th September 2022 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 27th September 2025 open market upward only. Break clause in 2024 NOT exercised. Lease is outside of the Landlord & Tenant Act 1954. Deposit held of £7,500.
Location:
The property is situated in a prominent position on the south side of pedestrianised Middle Street in the heart of the town centre and some 50 metres south of the Quedam Shopping Centre with occupiers nearby including Boots the Chemist, Waterstones, Specsavers and Nationwide, Ladbrokes and more.
VAT is applicable to this property
Property benefits from newly replaced roof
Comprises double fronted ground floor shop with ancillary accommodation at first floor
Future residential development, subject to vacant possession and obtaining planning
Situated within 50 metres south of the Quedam Shopping Centre with occupiers nearby including Boots the Chemist, Waterstones, Specsavers and Nationwide, Ladbrokes and more.
Property Description:
The property comprises double fronted ground floor shop t/a café with ancillary accommodation at first floor. The property benefits from rear yard and newly replaced roof, providing the following accommodation and dimensions:
Ground Floor: 186.50 sq m (2,008 sq ft)
Open plan café, Store, WCs
First Floor: 50.70 sq m (546 sq ft)
Ancillary, Storage
Total area size: 232.70 sq m (2,554 sq ft
Tenancy:
The property is at present let to Nowbelieve Ltd for a term of 5 Years from 28th September 2022 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 27th September 2025 open market upward only. Break clause in 2024 NOT exercised. Lease is outside of the Landlord & Tenant Act 1954. Deposit held of £7,500.
Location:
The property is situated in a prominent position on the south side of pedestrianised Middle Street in the heart of the town centre and some 50 metres south of the Quedam Shopping Centre with occupiers nearby including Boots the Chemist, Waterstones, Specsavers and Nationwide, Ladbrokes and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,554 SF
Building Class
B
Year Built
1968
Price
$462,495
Price Per SF
$181
Cap Rate
8%
NOI
$37,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.42
Lot Size
0.14 AC
Frontage
27 FT on Middle St
Amenities
- Energy Performance Rating - C
- Storage Space
Learn More About Investing in Retail Properties
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
