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4-6 Fore Street, Wellington, TA21 8AQ

£1,900,000

£131.35 per sq ft

Business rates & charges may apply

Vail Williams, Bournemouth
SIZE AVAILABLE

14,465 sq ft

1,344 sq m

SECTOR

High street retail property for sale

Key features

  • 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.

Description

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.

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.

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.

Brochures

4-6 Fore Street, Wellington, TA21 8AQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Taunton Station6.3 miles

About Vail Williams, Bournemouth

Everdene House Deansleigh Road Bournemouth BH7 7DU

Clients value the way we work.

Whilst our expertise lies in commercial property advice, we are extremely commercially-minded, always absorbing ourselves in your world and seeing the issues from the perspective of your business. We recognise that to you the commercial outcomes are paramount. We focus on this, actively looking for commercially advantageous opportunities to deliver the maximum value in our service.

Notes

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Disclaimer - Property reference 232524-1. 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 Vail Williams, Bournemouth. 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.

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