Commercial property for sale
6 High Street, Wellington TA21 8RA
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Tuesday 27 January
- Freehold Shop and Residential Ground Rent Investment
- Shop let to Boots until March 2032(1)
- Rent Review 2027
- Shop arranged over 3,482 sq ft
- Well located in an established trading location
- Tenant has been in occupation over 20 years
- VAT is applicable
- Investment let at £26,000 per annum (reflecting 11.82% GIY off Guide Price)
Description
StrapLine
Auction Sale - 26/01/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteTown Centre Freehold Shop let to Boots on a lease expiring 2032 at £26,000 per annum
Description
The roperty is arranged over ground and two upper floors to provide ground floor shop with ancillary accommodation over part first floor. The remainder of the first floor and the entire second floor comprise a self-contained maisonette sold off on a long lease.
Location
Wellington, based in Somerset, is located some 40 miles south-west of Bristol and 30 miles north-east of Exeter.
Transport
Road - It is well located for easy access to Taunton, Tiverton, Exeter and Bristol via the A38 and M5 Motorway (J26)
Rail - The town is in close proximity to Taunton or Tiverton Rail network. Taunton station main line 1hr 40 mins to London Paddington.
Tenancy
Shop let to Boots UK Limited on a lease for a term of 5 years from March 2022 at £26,000 per annum.
There is a rent review in 2027.
(1)The tenant has entered into a Reversionary lease for a term of 5 years from expiry of the current lease and subject to a break after 3 years.
The maisonette is let to Individuals on a lease for a term of 150 years from January 2013 (thus approximately 137 years unexpired) at a peppercorn ground rent.
Tenant informationBoots: - 1,800 stores nationwide (Source:
Accommodation
Ground Floor - 323.47 sq m (3,482 sq ft)
First Floor ancillary - 14.10 sq m (152 sq ft)
First & Second Floor Maisonette - 144 sq m (1550 sq ft)
Total - 481.57 sq m (5,184 sq ft)
6 High Street, Wellington TA21 8RA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Taunton Station6.2 miles
Notes
Disclaimer - Property reference 216-20765. 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 Savills Auctions, London. 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 Savills Auctions, London on 020 3909 6715.
*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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