25 Fore Street, Wellington, Somerset, TA21 8AA

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £313,000

Upon the instructions of


  • Freehold
  • Retail and residential investment with 1 vacant flat
  • Producing £25,740 per annum
  • Part let to William Hill until 2021
  • 3 flats on AST's, 1 flat vacant

Details

Location

Wellington is a busy town of some 14,600 located close to junction 26 of the M5, in the Vale of Taunton between the Blackdown Hills and the River Tone. Identified recently in the Times newspaper as the third best place to live in Britain, the town has a busy centre with generally local shops, and is popular with commuters to nearby Taunon, some 7 miles to the north east via the A38.
The property lies in the heart of the town centre fronting Fore Street lying adjacent to Lloyds Bank and close to WH Smith, Superdrug and a number of popular local traders.

Description

The property comprises a traditional brick built mid terraced high street retail unit above which are two upper floors laid out as four self contained one bed flats, approached from a front door to one side of the retail frontage.

Tenure

Freehold

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Accommodation Tenant Lease Terms Rent £ pa
TOTAL £25,740
25 Fore Street Ground & Basement Shop depth approx 83ft, width 17ft 7 ins William Hill Organisation Ltd Lease expiring 30/01/2021 £11,000
Flat 1 Flat 2 Flat 3 Flat 4 First -1 bed First - 1 bed Second - 1 bed Second - 1 bed Private tenant Private tenant Private tenant Vacant possession AST from 22/07/2017 AST from 04/08/2017 AST from 28/03/2017 £4,500 £5,040 £5,200

Contact

Seller's solicitor

Geldards LLP

(Liz Ganderton)

0115 983 3650

liz.ganderton@geldards.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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