LOCATION
The premises are located on the busy Monmouth Street, close to the town centre and Sainsburys supermarket. With constant passing traffic and good footfall to and from the town centre.
Increasing investment to Bridgwater includes the new power station Hinckley Point, which will bring in many outside workers during the long term build.

DESCRIPTION

Retail Store With Planning Permission
The property comprises of a stand alone commercial premises providing one large ground floor sales area with substantial shop frontage to Monmouth Street. There is a suspended ceiling, some internal storage area and staff toilet.The approved planning permission is for 5 flats (3 x 2 bed & 2 x 1 bed).

Residential flats
There is an annual income of £24,400 from five very large, self contained and modern flats. All are metered separately and tenants pay their own bills. These flats are a mix of:
2 x large two bed flat
3 x large one bed flats.

The premises benefit from the following:

• Highly prominent position
• Excellent frontages
• Income Producing from flats
• Suitable for a Variety of uses, subject to planning

AREA AND DIMENSIONS
All areas are approximate and interested parties are advised to verify measurements themselves,

TENURE

Options on the building are either Freehold on whole building, retail store can be purchased seperately or residential premesis can be purchased seperately. The freehold interest for the entire property (retail with planning permission and current residential) is offers in the region of £750,000
Shop rent only £30,000 P/A

Legal Costs
Each party to be responsible for their own legal costs incurred in an outright purchase transaction of the entire building. If split into a long term leasehold sale the costs are to be covered by the purchaser

Rates
The rateable value for the retail shop is £12,750. Rates payable £5,520 P/A

VAT
There is no VAT on the purchase of this property

Further Information

Viewing by appointment only with MH Properties
Tel: 01793-388622
Mobile: 07831486927 or 07551005118
Email: mhpropertiesuk@yahoo.co.uk
website: www.mhproperties.uk