+44 20 3608 1267
Apartment house with commercial premises in Somerset county with a 7% yield

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Apartment house with commercial premises in Somerset county with a 7% yield

2,083,000 €
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Total area: 391 m² Yield: 7.0%
  • Absolute return: 143,063 €
  • Built in 2007
  • 2-floor building
  • Most recent total renovation: 2011
  • Total apartments: 7
  • Street retail

It is an apartment house with retail premises for sale in the center of a town with a population less than 10,000 people. Description

This two-story building with total area of 391 m² was constructed in 2007.

There are 16 retail premises on the ground floor, four of which are combined into two double ones, the first floor accomodates seven apartments area from 18 to 47 m². There are also numerous storage rooms.

The building has been redeveloped in 2011 and even earned awards from construction services.

Tenure: Freehold.

There are currently six vacant retail units, all other premises are leased out.

Financial performance

Absolute income is 122,381 £.

The current yield of 7%.

Purchaser's costs of 6,2%.

Tenants

All apartments are leased out to residents.

Retail unites are leased out to various businessmen.

WAULT: 2,5 years.

Location

The property is located on a pedestrian shopping street in the town center.

There are numerous shops, cafes, restaurants as well as a pharmacy and a post office around. The bus stop is within the walking distance.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Somerset
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