Harcourts North East is pleased to present 89 Main Street Bridport for sale. The superb location overlooks the Bridport Village Green and enjoys stunning sea views. This commercial property comprises of two shops (both tenanted) and an apartment above the retail shops. Currently offering better returns than term deposits - this is an opportunity astute investors will not want to miss!
- Projected return on investment with the entire building leased is around 7%.
- Shop one: 190m2 in size and leased to the Bridport Newsagency, this has a 4 year lease in place which commenced January 2015 with 3 years plus 3 year option.
- Shop two: Adjoining shop one, this section is leased to D & Me Fashions, lease commenced March 2015 for 3 years with a 3 year option.
- Residential Apartment: Located above the shops on the first level is a neat, fully self-contained apartment comprising of 2 spacious bedrooms plus an office with the potential to be leased at $220 to $250 per week.
- Potential to build above shop one (currently the newsagency), which offers spectacular views and would allow for more rental income.
- Potential to sub-divide rear block (access from Henry Street) - owners had previously obtained approval to sub-divide.
- The property is situated on a 796m2 block zoned commercial
Contact Harcourts North East for further information on Return Figures.