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Tenanted Commercial Investment Property

Bridgwater, TA6 - Get Access

Description

Let to Superdrug Stores Plc on a new 5 year lease with a fixed rental increase to £25,000 pa in the third year. Comprises approximately 936.52 sq m (10,081 sq ft). The property comprises a substantial three storey building arranged as a ground floor shop together with ancillary accommodation on the first and second floors. New 5 year lease from December 2025 (expiring December 2030) Let to Superdrug Stores Plc Ground - 431.52 sq m (4,645 sq ft) First - 424.00 sq m (4,564 sq ft) Second - 81.00 sq m (872 sq ft) Total - 936.52 sq m (10,081 sq ft) Let to Superdrug Stores Plc on a 5 year lease from 25.12.2025, expiring 24.12.2030 at an initial rent of £22,500 pa. The lease provides for a fixed rental increase to £25,000 pa at the third anniversary of the term. There is a break option on 31 January 2029 subject to 6 months written notice. Superdrug Stores Plc for the year ending December 2024: D&B Rating: 5A 1 Revenue: £1,634,452,000 Pre-tax profit: £136,826,000 Tangible net worth: £299,062,000 Tenancy Details Type of Agreement: Full Repairing & Insuring (FRI) Length: 2030 Rent: £22,500 per year / £1,875 per month Yield: 8% (approx) Tenant: Company Notes: New 5 year lease from December 2025 (expiring December 2030)
Comparable sales
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Estimated market value
£
Range: £ — £
High confidence Floor Area: 10,081 sq ft (Listing)

The property is a commercial building let to Superdrug Stores Plc on a new 5-year lease with a fixed rental increase. The valuation is based on the investment income generated by the lease, considering the tenant's financial strength and the lease terms. The prominent location and recent scaffolding suggesting maintenance also support the valuation.

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