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COMMERCIAL

33 Fore Street, Taunton, Somerset, TA1 1HR

Guide Price
£400,000
Cheffins Residential, Property Auctions
PROPERTY TYPE

Commercial Property

SIZE

Ask agent

Description

For Sale by Online Auction on 17th March at 09:00.

Auction ends 19th March at 15:10

£400,000+

Description
Affluent county town
Listed no Empty Rates
Potential for conversion STP
Prominent location

A fantastic opportunity to purchase a large and prominent freehold building in the heart of Taunton. The building is likely to suit owner occupiers and investors alike, with the upper parts providing residential development potential STP.

The guide price represents fantastic value, with a low gross capital value of under £100 per sq. ft.

The internal accommodation provides the following approximate dimensions and floor areas:
Gross Frontage: 33' 1" (10.1 m)
Return Frontage: 48' 6" (14.8 m)
Internal Width: 29' 4" (8.9 m)
Shop Depth: 57' 7" (17.4 m)
Ground Floor Sales: 1,572 sq ft (146 sq m)

First Floor
First Floor Anc.: 1,060 sq ft (98 sq m)
Second Floor Anc.: 817 sq ft (76 sq m)

The first floor accommodation has seperate access, which may lend the building to a conversion of the upper parts or part letting, thereby increasing its appeal.

The substantial building offers the opportunity for an occupier to tailor the accommodation to their individual needs.

The building is Listed and are therefore exempt from paying Empty Rates.

The property occupies a prime and prominent position on Fore Street, surrounded by a variety of local occupiers and nationals such as Shoe Zone and TK Maxx.

RATES
We have been advised that the property has been assessed for rating purposes from 1st April 2024 as follows:
Rateable Value: £63,000
Standard Business Multiplier: 54.6p
Rates Payable (2024/25): £34,398
Interested parties should make their own enquiries to verify this information.

VAT
VAT is payable on the purchase price.


Auctioneer's Note
The successful bidder will pay a buyer's contract fee on exchange of contracts of:
£900 including VAT for purchases upto and including £100,000.
£1,500 including VAT for purchases of £101,000 to £300,000.
£2,100 including VAT for purchases of £301,000 and above.
This fee is only payable by the successful bidder.

Viewing
Vickery Holman (Zach Maiden)

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Brochures

Legal DocumentsOnline Bidding

33 Fore Street, Taunton, Somerset, TA1 1HR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Taunton Station0.5 miles
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About Cheffins Residential, Property Auctions

Clifton House, 1 & 2 Clifton Road, Cambridge, CB1 7EA
Industry affiliations:

Cheffins Eastern Counties Land and Property Auctions offer an extensive range of residential, commercial, land and farming properties in a public auction forum. The auctions take place quarterly throughout the year from purpose built sale rooms on Clifton Road in Cambridge. Selling a property through auction offers a transparent, quick and effective method of sale giving both buyers and sellers the confidence of a completion within a short time frame.

Cheffins auctioneers are governed by RICS and all financial matters are handled in accordance with strict guidelines.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 279681. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cheffins Residential, Property Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Cheffins Residential, Property Auctions on 01223 972814.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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