The property comprises a two-storey building of brick construction with a pitched roof at the rear and a flat roof over the remainder. The property is believed to be in a very good state of repair. It is arranged to provide one large ground floor shop unit with storage and ancillary accommodation at first and second floors
The property has the benefit of service access from a shared rear yard that leads directly to the fist floor storage accommodation. This is linked to the ground floor shop by goods lift and stairs.
The service yard also provides a staff parking area.
Location
The property occupies a dominant prime trading position within the town's busy High Street. It is also adjacent to the main pedestrian access from the town centre car park.
Major retailers in the vicinity include Sainsburys, Boots, Costa, Specsavers, Poundland and Iceland.
Keynsham is an affluent suburb, situated five miles from Bristol and eight miles from Bath city centres, making it a desirable commuter town. As a result, the town benefits from a strong mix of working professionals and young families, a good secondary school, and thriving sports clubs.
Keynsham has a population of circa 20,000 and is growing with a further 2,000 homes currently proposed by developers.
Keynsham benefits from excellent communications, being positioned adjacent to Bristol's main ring road, which provides access to the M4, M5 and M32 motorways. Keynsham also has a rail station with direct access to Bristol and Bath mainline stations
The A4 provides main road access to both Bristol and Bath City Centres, and there are park and ride facilities for both cities within a short distance of the town.
Accommodation
Ground Floor Sales: 333.4 sq m / 3,590 sq ft
First Floor Storage: 231.0 sq m / 2,486 sq ft
Second Floor Ancillary: 126.5 sq m / 1,362 sq ft
The premises comprise a ground floor shop unit with first and second floor ancillary accommodation. Servicing is arranged as access from a rear service yard, with direct access to the first floor of the property, which is shared with an adjacent occupier, and which offers staff parking.
Terms
Price: Our clients are seeking a price of £860,000 for their freehold interest, reflecting a net initial yield of 8.25% after allowing for purchasing costs and disregarding additional turnover related rental income.
Tenure: The property is freehold.
Occupational Lease: The entire property is let to Peacocks Stores Properties Limited following renewal for a term of ten years, expiring on 15th July 2036. The lease includes the usual provisions for security of tenure and is drafted on internal repairing terms.
The property produces a current rental income of £75,000 pa with provision for an upward only rent review in 2031. In addition, the tenant shall pay 7.5% of turnover in excess of the audited figure for FY 26/27.
VAT: All prices quoted are exclusive of VAT
EPC: An EPC is available upon request.
Specification
- Keynsham High Street is a long-established retail location.
- Prime ground floor shop unit with upper floors
- Secure service access at first floor.
- Occupied by Peacocks for over fifteen years.
- Current rent £75,000 pa.
- Additional turnover related rent provision.
- Freehold.
- Price - £860,000 – 8.25% net yield (disregarding turnover rent)
- Ideal SIPP purchase
- Staff Parking on site.