4 Fore St - Storefront Retail/Residential FOR SALE


Wellington, SOM TA21 8AQ
$1,900,000 USD
182-321-2680
4 Fore St, Wellington, SOM for Sale
$1,900,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | Request Cap Rate

4 Fore St
Wellington, SOM TA21 8AQ


HIGHLIGHTS

  • Freehold
  • Fully let mixed use investment with convenience store, retail unit and 5 flats.
  • £88,400 of income secured from Co-Operative Foodstores Ltd.
  • Total rental income of £137,000 per annum.

OVERVIEW

The historical market town of Wellington is located approximately 55 miles south west of Bristol and 28 miles north east of Exeter. It has a population of around 14,500 and is well connected by road via Junction 26 of the M5 and the A3, which also links to Taunton which is 7 miles distant. The A38 dual carriageway runs south of the town centre linking Wellington with Taunton to the east and Tiverton to the west. Junction 26 of the M5 is located 2.2 miles to the south of the town centre providing direct access to Bristol and Exeter and the wider national motorway network. The building occupies a prominent trading position in the town centre close to the junction with South Street. Other nearby retailers include Coffee#1, Superdrug, Greggs, WH Smith, J D Wetherspoon Boots, Coral and Lloyds. There is a public car park immediately behind the property. Freehold Mixed Use Investment in Historic Market Town 4-6 Fore Street is a 3-storey terraced building comprising a ground floor retail unit, ground floor triple fronted Supermarket with ancillary accommodation at the rear and at first floor level and a storage unit to the rear. There is a separate rear stairway providing access to 5 flats, 3 Self-Contained Flats and a further 2 flats. There is a rear service access for unloading. There is parking for both Co- Op and Flat 1 and 2, 4a Fore Street to the rear. Freehold Fully let mixed use investment with convenience store, retail unit and 5 flats.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$2,427 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

862 SF

ZONING

-

APN/PARCEL ID

ST329579,ST335344

ASK ABOUT THIS PROPERTY

Ben DulyVail Williams LLPMore Info
182-321-2680

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ben DulyVail Williams LLPMore Info
182-321-2680

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.