Choices Investments have been able to secure exclusive rights to a fantastic commercial property in Yeovil, Somerset with long term established blue chip tenants – Subway.
The property consists of a large 2900sqft commercial unit with a 42ft street frontage on the ground floor and a large two bedroom tenanted maisonette above. There is parking to the rear of the property.
Current rental income until 31st October 2019 is £15,000pa plus a £100pa service charge. This rent is paid quarterly. As of the 1st November 2019 the rent is paid monthly in advance in addition to a £500pa service charge. The rent is due to rise to £17,500 on the 1st November 2021 for a period of three years and then to £20,000 until 2034 with rent reviews due in 2025 and 2030.
Subway is the largest fast-food franchise in the world overtaking McDonalds in 2010. The first UK restaurant opened in 1996 and the Yeovil restaurant opened in 2004.
|Average Yearly Income until 2034*||£24,961.17|
|Average Yield until 2034||5.8%|
Full copies of the commercial lease and AST agreement are available upon request.