Freehold Mixed Use Investment in Historic Market Town
Summary
- Freehold
- Fully let mixed use investment with convenience store, retail unit and 5 flats.
- £88,400 of income secured from Co-Operative Foodstores Ltd.
- Total rental income of £137,000 per annum.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - 6 - Co-Operative Foodstores Ltd | 9,293 | 863.35 | Available |
| 1st - Flat 6a | 717 | 66.61 | Available |
| 1st - Flat 6b | 720 | 66.89 | Available |
| 1st - Flat 6c | 812 | 75.44 | Available |
| Ground - Unit 4a | 812 | 75.44 | Available |
| 1st - Flat 1, 4a | 531 | 49.33 | Available |
| 1st - Flat 2, 4a | 819 | 76.09 | Available |
| Building - Rear 4a | 761 | 70.70 | Available |
| Total | 14,465 | 1,343.85 |
Location
The historical market town of Wellington is located approximately 55 miles south west of
Bristol and 28 miles north east of Exeter. It has a population of around 14,500 and is well
connected by road via Junction 26 of the M5 and the A3, which also links to Taunton which is 7 miles distant.
The A38 dual carriageway runs south of the town centre linking Wellington with Taunton to the east and Tiverton to the west. Junction 26 of the M5 is located 2.2 miles to the south of the town centre providing direct access to Bristol and Exeter and the wider national motorway
network.
The building occupies a prominent trading position in the town centre close to the junction
with South Street. Other nearby retailers include Coffee#1, Superdrug, Greggs, WH Smith, J
D Wetherspoon Boots, Coral and Lloyds. There is a public car park immediately behind the
property.
Get directions from Google Maps
Mainline Stations
-
Taunton122 mins
-
Tiverton Parkway137 mins
-
Honiton244 mins
-
Feniton259 mins
Underground Station
-
Reading1992 mins
-
Twyford2085 mins
-
Maidenhead2214 mins
-
Taplow2248 mins
Further Information
Price £1,900,000
Description
4-6 Fore Street is a 3-storey terraced building comprising a ground
floor retail unit, ground floor triple fronted Supermarket with
ancillary accommodation at the rear and at first floor level and a
storage unit to the rear. There is a separate rear stairway providing
access to 5 flats, 3 Self-Contained Flats and a further 2 flats. There
is a rear service access for unloading. There is parking for both Co-
Op and Flat 1 and 2, 4a Fore Street to the rear.
Viewings
Inspections are by appointment only
and can be arranged by contacting a
member of the Vail Williams team.
Terms
We are instructed to seek £1,900,000 (One Million, Nine
Hundred Thousand Pounds), subject to contract, which
reflects a net initial yield of 6.8% after deducting purchaser’s
costs of 6.25%.
AML
In accordance with Anti-Money
Laundering requirements, two forms of
identification will be required from the
purchaser or tenant and any beneficial
owner together with evidence/ proof
identifying the source of funds being
relied upon to complete the transaction.
VAT
The property has been elected for VAT
purposes and the sale is intended to be
treated as a Transfer of a Going Concern
(TOGC).
EPC
EPCs are available in the tenancy schedule.
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