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.

Financial Information
Purchase Price £430,000
Average Yearly Income until 2034* £24,961.17
Average Yield until 2034 5.8%
Choices Commission  £12,900
Stamp Duty  £11,000

Full copies of the commercial lease and AST agreement are available upon request.

For more information, without obligation, please complete your details below

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. You are advised to check the availability of this property before travelling any distance to view. We have taken every precaution to ensure that these details are accurate and not misleading. If there is any point which is of particular importance to you, please contact us and we will provide any information you require. This is advisable, particularly if you intend to travel some distance to view the property. The mention of any appliances and services within these details does not imply that they are in full and efficient working order.