Summary - GROUND FLOOR, BROADWAY HOUSE, PETER STREET BA20 1PN
1 bed 1 bath Commercial Property
Income-producing freehold with prominent frontage and refurbishment upside.
- Freehold mid-terrace commercial building, c.3,109 sq ft
- Passing rent £25,000 per annum from established tenants
- Prominent glazed retail frontage opposite public car park
- Two self-contained suites: retail (ground) and office (upper)
- Ground-floor flat to rear excluded from sale
- Adjoining occupier interconnects at upper floors (access linkage)
- Likely need for internal refurbishment and modernisation
- Local area: very deprived, higher crime and constrained renters
A mid-terrace, freehold town-centre investment in central Yeovil, offered with a fully let ground-floor retail unit and upper office suite. The building totals about 3,109 sq ft and benefits from a prominent full-width glazed frontage opposite Peter Street public car park, providing straightforward access and consistent town-centre footfall.
Current income is a passing rent of £25,000 pa from established, community-focused tenants (Somerset & Dorset Family History Society) and adjoining occupation linkage to a larger dental practice. The upper and ground-floor suites are self-contained; note a separate ground-floor flat to the rear is excluded from the sale. Floor plans are available for viewing to help assess layout and repositioning potential.
The property suits investors seeking a central small-town asset with immediate rental income and short-term refurbishment potential. Externally the building appears sound for its era, but internal refurbishment may be required to modernise services or reconfigure space. The freehold price reflects the asset size and letting profile and provides scope for rental uplift through management or targeted improvements.
Buyers should note local market characteristics: the immediate neighbourhood is classified as very deprived with higher crime levels and a constrained renter profile, which can affect tenant mix and long-term capital growth. Planning or repurposing for residential conversion is possible but would be subject to local consents. Overall, this is a practical, income-producing opportunity in a strong secondary trading location close to shopping and transport links.
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