The freehold interest in 2/3 Station Road, Clevedon has been sold for £450,000.
This attractive retail and residential investment generates an annual income of £39,900 per annum and the tenants include leading bakers, Greggs Plc.
The investment comprises two ground floor lock up shops with two recently refurbished two bed flats. All of the accommodation is let.
The store is located in town’s prime pedestrianised pitch with nearby occupiers including WH Smith, Holland & Barrett, Ladbrokes, Coffee 1 and situated opposite the Clevedon Triangle Shopping Centre.
Gemma Jane Ogden of disposing agents, Hartnell Taylor Cook LLP said: “Clevedon is an attractive Victorian seaside town that continues to trade well and this investment opportunity generated substantial.”
Moreland Properties purchased the property from a private vendor.