Street Retail Park, Street
Street Retail Park, Street, Somerset, BA16 0HW, UK
7.250.000 € | 3402 m²
The property comprises a steel portal framed unit with a rectangular floorplate, built in the early 2000's. The asset is an open plan ground floor of approximately 13,169 sq ft and a first floor of approximately 5,005 sq ft accessed via a central staircase and lift.
The property has been fitted out as a gym utilising the open plan ground floor as an exercise / free weights area with separate toilets and changing rooms. The first floor level has been fitted out to provide a group exercise studio, spin studio and spa area.
Access to the building is provided via an entrance fronting the eastern elevation. The property benefits from a car park providing approximately 117 spaces.
There is an adjoining office building on the eastern elevation which is owner occupied.
We are instructed to seek offers in excess of £2,450,000 (Two Million Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.75% (assuming purchaser's costs of 6.37%)