Investment property in Yeovil Somerset with commercial premises and self-contained flat
Yeovil, Somerset
- Status
FOR SALE
- Advert ID
654773
- Reference
INV37063X / Rightbiz
- Call Agent:
- Freehold: £230,000
- Turnover: £22,500 (£433 per week)
- Profit: Not Applicable
Business Details
INVESTMENT PROPERTY OPPORTUNITY
Attractive FREEHOLD INVESTMENT PROPERTY OPPORTUNITY, occupying edge of YEOVIL town centre trading position, surrounded by other businesses to include catering establishments creating a coffee culture feel, close main shopping area with national retailers, and the famous St John the Baptist church. Fronting pedestrian thoroughfare linking the town centre with the hospital, ensuring the area remains a popular place to trade and live. benefiting from free restricted stay on street car parking adjacent and shopper's car parks close by, and other residential areas only a short walk away.
Comprising an eye-catching terraced property, particularly well maintained and presented to a high standard, with no major expenditure considered necessary. Offering ground floor commercial premises currently trading as an aesthetics and beauty clinic offering several treatment rooms, together with kitchen, cloakroom facilities, and enclosed rear yard. Were previously 2 properties/shops and could again be split at a future date. A lovely light and airy self-contained flat can be found at first floor level comprising kitchen/breakfast room, sitting room, 2 double bedrooms and bathroom.
Property under current ownership nearly 20 years, very well managed with all legislation met and certificates held. Commercial premises let on 7 year Lease which commenced in 2023, the existing tenant having renewed their lease, current rental £12,000 per annum, tenants benefiting from 100% business rate relief. Flat always let separately on an Assured Short Tenancy Agreement, with a rental income of £875 per month easily achievable equating to £10,500 per annum. Total combined rental income equates to £22,500 per annum representing a yield just short of 10%.
Freehold £230,000 Ref: INV37063X
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813952.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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