Commercial property for sale in North Street, Taunton, Somerset TA1, £495,000

495,000.00

Offer Nr.:
61157127
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Greenslade Taylor Hunt
Phone(s):
01823 760016

* Freehold
* Freehold Available in Prime Town Centre Retail Pitch
* Nearby Occupiers Include Greggs, Fat Face, Mountain Warehouse, Lush, Barclays And White Stuff
* Let To The Undoubted Covenant Of Cancer Research UK
* 10 Year Fri Lease From 12th October 2017, 5. 75 Years Unexpired To Expiry
* Total Current Income Of £39, 235 Pax
* Offers In Excess Of £495, 000 Reflecting A Net Initial Yield Of 7. 57%, Allowing For Graduated Purchaser's Costs Of 4. 68%
The property comprises a rectangular shaped shop on the ground floor with rear
storage and kitchen. A staircase accesses first floor ancillary accommodation
currently used by the tenant, whilst the property includes further
accommodation at second floor, demised to the tenant, there is no value
attributable to this area. A purchaser may be able to improve the upper parts
in the future.

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