Attractive Grade II listed detached office building
Located on the southern outskirts of the town centre
Future Residential / Change of Use Potential (subject to lease and consents)
Lot 27
Auction 22nd September 2022
Rent £64,360 per Annum Exclusive (3)
Status Sold
Price £650,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
25 miles east of Taunton, 42 miles south of Bristol
Roads
A30, A303, M5 (Junction 25)
Rail
Yeovil Junction (Direct to London Waterloo)
Air
Bristol Airport
Situation
Yeovil is a regional centre in south Somerset, strategically located to the south of the A303. The property is situated in Hendford on the southern outskirts of the town centre about 200 yards from its main retail centre facilities. Immediately to the rear of the property is a large public car park together with the Octagon Theatre.
Tenure
Freehold.
Location
Miles
25 miles east of Taunton, 42 miles south of Bristol
Roads
A30, A303, M5 (Junction 25)
Rail
Yeovil Junction (Direct to London Waterloo)
Air
Bristol Airport
Situation
Yeovil is a regional centre in south Somerset, strategically located to the south of the A303. The property is situated in Hendford on the southern outskirts of the town centre about 200 yards from its main retail centre facilities. Immediately to the rear of the property is a large public car park together with the Octagon Theatre.
Tenure
Freehold.
Description
The property comprises a detached Grade II listed period office building arranged on the ground, first and second floors and centered around a courtyard. The property also benefits from 12 parking spaces to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Completion 31st October 2022
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached Grade II listed period office building arranged on the ground, first and second floors and centered around a courtyard. The property also benefits from 12 parking spaces to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Completion 31st October 2022
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Ground First Second
Office/Ancillary Office/Ancillary Ancillary
285.93 272.82 30.98
(3,078) (2,937) (333)
ALBERT GOODMAN LLP (2)
15 years from 30/12/2010 on a full repairing and insuring lease
£64,360 (3)
Total
589.73
(6,348)
£64,360 (3)
(1) www.voa.com (2) www.albertgoodman.co.uk - Albert Goodman Chartered Accountants, Tax Consultants and Financial Planners have been established for over 150 years with offices in Yeovil, Taunton, Bristol, Weymouth and Weston-super-Mare. (3) The passing rent under the terms of the lease is £61,000 per annum. Under a Supplemental Deed Licence, the landlord agreed to fund additional works to the building in return for an enhanced rent. The agreement, which is dated 24/09/2012 confirms that the landlord contributed £42,000 to the cost of improvement works for an agreed additional rent of £3,360 per annum. The Deed is supplemental to the main lease, the terms of which are otherwise unaffected.
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.
