26a, 26b & 27 Fore Street, Taunton, Somerset, TA1 1JQ
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
*Guide Price £1,950,000
Freehold Investment Let To Three Large National Covenants Producing £237,700 PA
Description
The property comprises a high yielding retail investment opportunity let to three national covenants, including Vodafone Ltd , Telefonica Uk Ltd and National Westminster Bank plc . The entire first and second floor offices included in Natwests lease..
*Please note - the Auctioneers have not been able to inspect the property internally - and therefore are unable to confirm the condition or layout of the property*
Situation
The property occupies a prominent prime position in Taunton town centre. Nearby are other large commercial users including Lloyds Bank, Costa Coffee and Barclays Bank.
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY
Tenure
Freehold
Rent
26 Fore Street is let to Vodafone Limited on a new term commencing 27 March 2024, until 23 March 2029 with a current rent of £42,700 pa. There is a tenants break clause on 23 March 2027. Prior to this lease Vodafone had a 15 year lease from 2009.
26a Fore Street is let to Telefonica UK Limited (operating under the brand name O2) on a term commencing 25 June 2020, expiring 24 June 2025 with a current rent of £40,000 pa. No break clauses.
27 Fore Street is let to National Westminster Bank PLC (operating under the brand name Natwest) on a 10 year term from 19 April 2016 with a current rent of £155,000 pa subject to review every 5 years.
All leases are let on effective FRI terms. Copy leases in Legal Pack.
Accommodation
26a Fore Street (02)
Floor Area - 128 sq.m.
26 Fore Street (Vodaphone)
Floor Area - 158 sq.m.
27 Fore Street (Natwest)
Floor Area - 1,410 sq.m.
Total Floor Area - 1,696 sq.m.
All measurements have been taken from the Rating Assessments - interested parties to make their own enquiries to verify.
Rateable Value
26a Fore Street (02) - £46,000
26 Fore Street (Vodaphone) - £55,000
27 Fore Street (Natwest) - £111,000
EPC Rating
26a Fore Street (02) - D
26 Fore Street (Vodaphone) - D
27 Fore Street (Natwest) - C
Brochures
Legal Documents26a, 26b & 27 Fore Street, Taunton, Somerset, TA1 1JQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Taunton Station0.5 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
Disclaimer - Property reference 287495. 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 Austin Gray, Auction House Sussex. 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 Austin Gray, Auction House Sussex on 01273 109784.
*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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