Yieldit are pleased to offer to the market this tenanted investment property compromising of two self contained two studio apartments.
Flat A includes: A separate sleeping area accessible by ladders.
Flat B includes: Contains a larger bathroom and yard, this is achieving slightly higher rent.
The property is located close by to a prominent and sought after location King Square. The town offers plenty of independent shops, cafes, and restaurants.
Bridgwater has superb travel links, with its main line station situated in the town centre which links to the main areas of Taunton, Bristol, and Exeter. The motorway junctions 23 and 24 are also just a short distance away. Bridgwater sits on the River Parrett and is next to the Mendips and Quantock Hills, with all the beauty they have to offer.
Somerset is home to Hinkley Point power station, which provides low-carbon electricity for around 6 million homes, bringing lasting benefits to the UK economy. Construction and operation of Hinkley Point C will create 25,000 employment opportunities, up to 1,000 apprenticeships and 64% of the projects construction value is predicted to go to UK companies.
Bridgewater was selected by the government in September 2019 as one of 101 towns across the UK to benefit from its 3.6bn towns fund. The government has already provided 750,000 to kick-start the Northgate regeneration scheme on Mount Street, including improvements to the nearby Brewery Field green space. Sedgemoor District Council has now submitted formal proposals to the government for a further 11 projects, with the aim of attracting more than 24M towards town centre regeneration efforts. The towns fund aims to "level up" town centres by delivering projects which will "boost businesses, improve infrastructure, encourage enterprise and bring communities together.
Financial Breakdown
Gross rent: £11,280
Ground rent: £150
Service charge: £350
Lettings fees: £1,151
Net income: £9,629
Gross yield: 11.28%
Net yield: 9.63%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-07102
