COMMERCIAL property experts Greenslade Taylor Hunt are marketing an investment opportunity in Wellington town centre.
The Mount, at 21 High Street, Wellington, is a substantial Grade II listed building, with two long-established tenants in a prominent position.
Close to two supermarkets and extensive parking facilities the premises comprise a former basement café, a hair salon on the ground floor and first floor offices.
It generates an income of £20,000 per annum and has an estimated ERV of £29,000 when fully let.
It is on the market at a guide price of £325,000, reflecting a net initial yield of 8.77 per cent after purchaser’s costs.
Wellington continues to expand on the commercial and residential front – there are around 12,000 residents, increasing demand for amenities in the town centre.
For more information and to arrange viewings, contact Duncan Brown or Joseph Hughes on 01823 334455 or email duncan.brown@gth.net or joseph.hughes@gth.net
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