Suites 1-3, 28-30 Fore Street, Wellington, Somerset, TA21 8AQ
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- SIZE
Ask agent
- SECTOR
Office for sale
Description
**For Sale By Public Auction 27th May 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
First Floor Office Units Let for £12,000 Per Annum (Reflecting a 24% Yield on the Guide Price)
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 55 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Wellington Park are within easy reach. Transport links are provided by Taunton rail station and the M5.
Description
The property comprises first floor office units situated within a Grade II Listed building arranged over ground and first floors.
Accommodation
First Floor
7 x Office Units
Communal Kitchen
WC's
Tenancy
The property is subject to a lease at a rent of £12,000 per annum. Break clause after 5 years. The vendor has advised that a new term of 10 years will be added.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
VAT
VAT is not applicable
Open House Viewings To Be Confirmed
Energy Performance Certificates
EPC 1Brochures
Suites 1-3, 28-30 Fore Street, Wellington, Somerset, TA21 8AQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Taunton Station6.3 miles
Notes
Disclaimer - Property reference 345269. 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 Auction House London, 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 Auction House London, London on 020 7870 6217.
*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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