RETAIL AND GROUND RENT INVESTMENT

Key Points

• GUIDE RENT £1,125,000 PLUS VAT
• CONVENIENCE FOOD INVESTMENT OPPORTUNITY
• CURRENT INCOME £86,300 PAX
• FRONTING THE A38
• FREEHOLD SALE
• FULLY LET TO COOP AND PAPA JOHNS
• TOTAL SITE AREA 0.34 ACRES
• THE RETAIL PROPERTY EXTENDS TO 5670 ft²
• PART GROUND RENT INCOME

Description

Paragon House was completed in 2018 and provides two ground floor retail units with 14 flats above. To the front of the property is a shared car park. Both retail units benefit from rear servicing and access.

The residential upper floors have been sold off on long leaseholds. Please see the attached schedule of accommodation.

Location

Bridgwater is a successful and established town in Somerset, located within the Sedgemoor District. The town is 12 miles north of Taunton, 28 miles south west of Bristol.

The town benefits from excellent road communications, with Junctions 23 and 24 of the M5 Motorway to the north and south of the town. The A38 and A39 intersect the town and provide easy access into the wider catchment area.

Paragon House holds a prominent location directly fronting the A38 Taunton Road giving it an excellent location for the retail operation occupiers. Please see the attached plan.

Viewings

Viewing and further information is strictly by prior appointment through the agent.

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