West St - Storefront FOR SALE


Somerton, SOM TA11 6QQ
$650,000 USD
West St, Somerton, SOM for Sale
$650,000 USD
Storefront - FOR SALE
1/3
null | 7.29% Cap Rate

West St
Somerton, SOM TA11 6QQ


HIGHLIGHTS

  • Available as a whole or as two separate lots
  • Management opportunities to increase rental income
  • Currently producing £47,400 annual gross rental income
  • Attractive mixed use investment opportunity with development potential

OVERVIEW

14 West Street and 2- 5 Half-Moon Car Park are located on the western outskirts of Somerton's town centre. The property is situated adjoining a public car park and comprises 4 retail properties, one office unit, 2 self contained two bedroom flats together with a small yard and car parking area and additional expansion land with possible development potential subject to planning. 14 West Street - open plan ground floor retail accommodation with first floor offices / stores ad kitchen and WC facility Unit 2 Half Moon Car Park - two storey office / retail unit with open plan ground floor accommodation and first floor office, kitchen and WC facility. Unit 3 Half Moon Car Park - ground floor open plan retail unit with offices and storage rooms and WC facility at first floor. Unit 4 Half Moon Car Park - Ground Floor open plan retail unit with self contained two bedroom flat above Unit 5 Half Moon Car Park - Ground Floor retail unit occupied as a fast food takeaway outlet with self contained two bedroom flat above Expansion Land - strip of grass land extending to 0.06 acres, considered to have some development potential subject to planning.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,698 SF

ZONING

-

APN/PARCEL ID

WS36991

ASK ABOUT THIS PROPERTY

Robert ClarkGreenslade Taylor HuntMore Info

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Robert ClarkGreenslade Taylor HuntMore Info

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