- Town centre position with strong footfall
- Long secure income to 2033 with national covenant
- Prominent frontage and modern fitout
- Low capital value attractive to private investors
- Growing regional economy supported by major infrastructure investment
- Long leasehold (998 years) at nominal ground rent
St John Street, Bridgwater, TA6
Guide Price
£139,995
Office for sale in Bridgwater
An excellent opportunity to acquire a welllocated towncentre investment in the heart of Bridgwater, Somerset. The property comprises a prominent groundfloor commercial unit with extensive frontage, fully let to William Hill on a long lease to August 2033, producing £12,000 p.a. The asset offers an attractively low entry price of £145,000, with strong tenant covenant and long income profile.
The property forms part of a larger mixeduse block and comprises a groundfloor retail unit with:Wide aluminium-framed glazed frontageOpen-plan sales area fitted to William Hills corporate standardRear partitioning for customer WC, staff facilities, and tea prep area
TenancyTenant: William HillLease term: August 2023 15 August 2033Rent: £12,000 p.a.Rent reviews: 2028 & 2031Tenant break options: 5th & 8th anniversaries
William Hill is a leading UK betting operator founded in 1934 and now owned by Evoke plc (formerly 888 Holdings) following a £1.95bn acquisition in 2022. It holds around 22% of UK retail betting and 9% of the online market, contributing significantly to Evoke plcs revenues (UK & Ireland representing c. twothirds of group revenue).
Long leasehold: approx. 998 years at £1 per annum
Passing Rent: £12,000 p.a.Price: £145,000VAT: Figures quoted exclusive of VAT
Bridgwater is a major commercial and industrial hub in Somerset, positioned on the edge of the Somerset Levels at the confluence of the River Parrett. It benefits from excellent road and rail connectivity, sitting between M5 J2324, on the BristolExeter mainline, and near the Bridgwater & Taunton Canal. With a population of approx. 41,276, the town has a wider catchment of 100,000+ within 1520 miles, drawing from nearby centres such as BurnhamonSea and Highbridge. Continued growth is linked to significant regional projects, including the Hinkley Point C nuclear development.
We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.
It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion. If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.
Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.
All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days. For these reasons, it is suitable for cash buyers only.
Property Ref: WAD260062
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