- Comprises large self-contained 2-bedroom flat +
- Grade II Listed building +
- ERV: £12,000 p.a. GIY ~ 9.60% +
- Total area size 70 sq m (751 sq ft) +
Investment Consideration:
ERV: £12,000 p.a. GIY ~ 9.60%
Vacant possession
VAT is NOT applicable to this property
Grade II Listed building
Comprises large self-contained 2-bedroom flat
The premise occupies a prominent trading position surrounded by other retailer`s close to Taunton`s town centre with occupiers nearby include Papa Johns Pizza, Nuffield Health Centre, Restaurant`s, Café, Barbers and many more.
Property Description:
Comprises self-contained 2-bedroom flat. The property has been newly refurbished and provides the following accommodation and dimensions:
First Floor: 62 sq m (665 sq ft)
Bedroom, Kitchen, Living Room, Bathroom
Second Floor: 8 sq m (86 sq ft)
Bedroom
Total GIA: 70 sq m (751 sq ft)
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
The property is located along East Reach Road, a busy thoroughfare serving the town for pedestrians and motorists alike. The premise occupies a prominent trading position surrounded by other retailer’s close to Taunton`s town centre. Taunton is the county town of Somerset with a population of approximately 75,000 people, a strong office based economy and a busy town centre, boasting numerous retailers and leisure occupiers, with significant developments to improve the town currently taking place. Taunton provides an extensive range of facilities and also has access to the M5 motorway, there is a main line city rail link which is easily accessible, London Paddington being about 2 hours. The property is also well placed for easy access to the Brewhouse, Somerset County Cricket Ground and St. Marys Church.