Hamp Brook Way, Bridgwater, TA6

TENANTED INVESTMENT OPPORTUNITY – FOUR BEDROOM PROPERTY – £1,200 PCM CURRENT RENT – £14,400 PER ANNUM – TENANT IN SITU

Offered to the market as a tenanted investment, an opportunity for a landlord or property investor to acquire an established income-producing residential property in Bridgwater.

The property is currently let at £1,200 per calendar month, producing a gross annual rental income of £14,400, and is being sold with the existing tenant in situ.

The property provides approximately 103 sq m (1,109 sq ft) of accommodation, including four bedrooms and two bathrooms, providing a good level of accommodation for the local rental market.

For an incoming purchaser, the existing tenancy provides rental income from completion, subject to the terms of the tenancy, without the initial void period and letting costs normally associated with purchasing a vacant investment property.

BRIDGWATER – AN ESTABLISHED RENTAL MARKET

Bridgwater is one of Somerset's principal employment and commercial centres and has seen substantial investment in employment and infrastructure in recent years.

A significant driver of employment and accommodation demand across the wider area is Hinkley Point C. Bridgwater is the closest major retail and service centre to the development and has benefited from employment, contractor and supply-chain activity associated with the project.

Further long-term investment is taking place at the nearby Gravity Enterprise Zone at Puriton, a major 616-acre commercial development close to Junction 23 of the M5.

Agratas, part of the Tata Group, is developing a major battery manufacturing facility at Gravity, representing approximately £4 billion of investment and expected to create up to 4,000 direct jobs, in addition to employment within the associated supply chain.

Together with Bridgwater's existing employment base, these developments provide important economic and employment drivers for the town and surrounding area.

LOCATION & CONNECTIVITY

Bridgwater is strategically positioned on the M5 corridor, providing road connections north towards Bristol and south towards Taunton and Exeter.

Hamp Brook Way is situated on the southern side of Bridgwater, providing convenient access towards the A38 and Junction 24 of the M5, making the location practical for tenants working both within Bridgwater and throughout the surrounding area.

Bridgwater also benefits from a railway station and a comprehensive range of supermarkets, shops, schools, healthcare, leisure facilities and everyday services.

Investment highlights:

• Tenant in situ
• £1,200 pcm current rental income
• £14,400 gross annual rental income
• Four-bedroom accommodation
• Approximately 1,109 sq ft / 103 sq m
• Established residential location
• Income-producing investment from completion, subject to tenancy terms
• Access to the M5 via Junction 24
• Hinkley Point C within the wider employment area
• Major investment underway at the nearby Gravity Enterprise Zone
• Strong regional employment and infrastructure investment
• Suitable for an existing or expanding residential investment portfolio

Full details of the existing tenancy and relevant property documentation can be made available to prospective purchasers.

Viewings are strictly by appointment and will be arranged with consideration for the existing occupiers.

Parking - Driveway