• Broker Damian Cook 01392202203

36 High St 1,799 SF Retail Building Sidmouth EX10 8ED £285,000 (£158.42/SF) 7.72% Net Initial Yield

View Photo

INVESTMENT HIGHLIGHTS

  • Positioned within the heart of the town centre
  • Outside there is a rear courtyard with bike store and w/c facilities
  • Grade II listed mid terraced period property

EXECUTIVE SUMMARY

The property is let for a term of 6 years from 1st July 2022 to Gilbert Stephens Solicitors LLP on full repairing and insuring terms. There is a tenants option to break on 30th June 2025 subject to 6 months prior notice. The passing rent is £22,000 per annum and subject to review 1st July 2025. The freehold of the ground floor of number 38 High Street, known as Kent House and trading as Paragon Books has been sold off.

ATTACHMENTS

Marketing Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,799 SF
Building Class
C
Year Built
1960
Price
£285,000
Price Per SF
£158.42
Net Initial Yield
7.72%
NOI
£22,000
Tenancy
Single
Number of Floors
3
Building FAR
0.37
Lot Size
0.11 AC
Parking
7 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
26 ft on High Street

AMENITIES

  • 24 Hour Access
  • Courtyard
  • EPC - C

LINKS

NEARBY MAJOR RETAILERS

Barclays
Costa Coffee
Londis
Lidl

MAP

ADDITIONAL PHOTOS

View Photo Building
View Photo GOAD
View Photo Courtyard
View Photo Parking
View Photo Bicycle
View Photo Floor Plan

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