The Square, Wiveliscombe, Taunton, Somerset, TA4
£110,000

Guide price

Freehold investment property with an income of

£9,450 per annum.

DESCRIPTION

The property is a Grade II Listed, three-storey rendered building from the early 19th century, with a more modern extension along West Street. The building consists of two retail premises with shared a entrance at ground level, and ten separately accessed flats spread over the upper floors, all sold on a long leasehold basis. The flats are accessed to the rear of the building. Unit 1, currently trading as a hair salon, comprises a sales area to the front, with staff area, kitchen and WC facilities to the rear. Unit 2, currently trading as a podiatrists, comprises a sales area, with store and WC accommodation located to the rear.

SITUATION

London House is prominently located on the east side of The Square, on the corner with West Street, in Wiveliscombe's town centre.

Wiveliscombe, located in the county of Somerset has a population of 2,500. The property is situated 7 miles north of Wellington and Junction 26 of the M5 motorway, 11 miles west of Taunton and 16 miles north east of Tiverton.

BUSINESS RATES

The shops have the following rateable values:-

Unit 1 £4,300 pa

Unit 2 £2,600 pa

Interested parties should make their own enquiries to the local authority to ascertain the rates payable. Relief is available to those with a rateable value less than £15,000 per annum.

FIXTURES AND FITTINGS

All fixtures and fittings, unless specifically referred to within these sale particulars are otherwise expressly excluded from the sale.

TENURE

Unit 1 is let on a 10 year full repairing and insuring lease expiring 23rd December 2024 at a rent of £5,000 per annum.

Unit 2 is let on a full repairing and lease at £4,450 per annum that expired in May 2020 with the tenant holding over.

RIGHTS OF WAY, EASEMENTS, WAYLEAVE ETC

We are not aware of any rights of way over the land and the property is sold as far as required by the vendor and will be conveyed subject to all

rights of way, easements and way leaves of telegraphs poles, drains and wires, electric pylons and cables, water and gas pipes at present erected on and passing over or under the property and subject to the agreements affecting the same (if any)

FLOOR AREAS

The approximate net internal areas of the shops and are as follows:-

Unit 1

Sales 26.87 sq m 290 sq ft

Kitchen 1.51 sq m 17 sq ft

Staff Area 7.96 sq m 86 sq ft

Total 36.34 sq m 393 sq ft

Unit 2

Sales 19.92 sq m 215 sq ft

Store 0.91 sq m 10 sq ft

Total 20.83 sq m 225 sq ft

METHOD OF SALE

The property will be offered for sale by public auction and online livestream auction on 16th uly 2024, at the Batch Country House, Batch Lane, Lympsham, BS24 0EX

https://bit.ly/PropertyAuctionsGTH

It is possible the property may be sold prior to the action date therefore it is advisable for interested parties to register their interest with the Agents and it is their responsibility to check

with the Agents whether the property will still be offered on the auction date.

BUYERS ADMINISTRATION FEE

The successful purchaser(s) of each lot will be liable to pay a Buyer's Administration Fee based upon the eventual sale price to the selling Agents. Further details are available from the selling agents.

AUCTION PACK

The Auction Pack, containing the contract and special conditions of sale, should be obtained online at Future auctions held by Greenslade Taylor Hunt Online (eigroup.co.uk) These documents will not be read at the time of sale and all prospective purchasers will be deemed to have bid for the property in full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter.

BIDDER REGISTRATION

All potential online, telephone & proxy bidders are required to register their details with Greenslade Taylor Hunt prior to the commencement of the auction by completing the Online Bidder Registration.

https://bit.ly/PropertyAuctionsGTH

Those attending the auction room to bid in person will complete bidder registration on arrival to the auction room. All in room bidders must provide 2 forms of Identification in order to register.

VIEWING

Strictly by appointment with sole agents:-

Zack Dennington / Joseph Hughes

Greenslade Taylor Hunt, 9 Hammet Street,

Taunton, Somerset, TA1 1RZ

Telephone: 01823 334455

Email: zack.dennington@gth.net / joseph.hughes@gth.net

01823 619297

Greenslade Taylor Hunt - Taunton

13 Hammet Street, Taunton, Somerset

See all properties from this agent

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