Property overview

Topps Tiles, Morlands Business Park, Glastonbury, BA6 9FW

under offer

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£665,000
Jan 2021

The property is a modern trade counter investment located on the established Morlands Business Park, one mile south of Glastonbury town centre and highly prominent from the A39. Developed in 2011 the unit has been occupied by the tenant since practical completion. The unit extends to 6,501 sqft and is let to Topps Tiles (UK) Ltd on an FRI lease that expires in March 2030 with a tenant break option in March 2027. The current rent passing of £42,000 per annum is reversionary, reflecting a low £6.46 per sqft. Offers sought in excess of £665,000 which reflects an initial yield of 6.00%.