National Tyre Service, Unit D, Wylds Road, Bridgewater, TA6 4BH
Acting on behalf of a private investor, Franck-Steier Price has recently concluded the sale of a modern trade counter investment in Bridgwater.
The property lies in a prominent position on Wylds Road in close proximity to other trade occupiers including PTS, Brandon Tool Hire, Magnet, Screwfix and Topps Tiles.
The property is let to National Tyre Service Limited for a term of 15 years from 18th July 2016 and subject to a tenant only break option at the 10th year of the term.
The unit totals 5,390 sq.ft on a site of 0.54 acres.
The sale price of £740,000 reflects a net initial yield of 5.77% and commenting on the deal, Andrew Franck-Steier says “We are delighted with the sale price achieved which demonstrates the appeal of small commercial investment opportunities looking for higher returns than other asset classes. ”
The purchaser Hippo Properties were unrepresented and Franck-Steier Price represented the vendor.