Large Double fronted shop with ancillary accommodation on part first floor
Shop refurbished in 2020
Change of Use/Development opportunity of whole/part, subject to consents
Includes separately accessed flat let until 2088
Of interest to owner occupiers, investors and developers
Nearby occupiers include Waitrose, Asda Supermaket, JD Wetherspoon, Boots the Chemist and Co-op Food
VAT-Free Property
Lot 32
Auction 4th November 2021
Vacant Possession
Status Sold
Price £149,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles south-west of Taunton
24 miles north-east of Exeter
50 miles south-west of Bristol
Roads
B3187, A38, M5 (Junction 26)
Rail
Air
Exeter Airport
Situation
The property is prominently situated in the heart of Wellington town centre in a prime retailing position on the east side of the busy High Street. Nearby occupiers include Waitrose, Asda Supermaket, JD Wetherspoon, Boots the Chemist and Co-op Food.
Tenure
Freehold.
Location
Miles
6 miles south-west of Taunton
24 miles north-east of Exeter
50 miles south-west of Bristol
Roads
B3187, A38, M5 (Junction 26)
Rail
Air
Exeter Airport
Situation
The property is prominently situated in the heart of Wellington town centre in a prime retailing position on the east side of the busy High Street. Nearby occupiers include Waitrose, Asda Supermaket, JD Wetherspoon, Boots the Chemist and Co-op Food.
Tenure
Freehold.
Description
The property comprises a large double fronted shop arranged on the ground and part first floor, with a separately accessed flat arranged on the part first and second floor, let on a long lease.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack.
Description
The property comprises a large double fronted shop arranged on the ground and part first floor, with a separately accessed flat arranged on the part first and second floor, let on a long lease.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground Part First
Retail Ancillary
171.03 sq m 130.28 sq m
(1,841 sq ft) (1,402 sq ft)
VACANT
-
-
Part First/Second
Residential
Flat
INDIVIDUALS
99 years from 01/12/1989
£25
Total Commercial Area
301.31 sq m
(3,243 sq ft)
£25
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
