Freehold Retail Investment
Freehold Retail Investment
The property is situated in Taunton town centre on the western side of North
Street. Nearby occupiers include Debenhams, Barclays Bank, Greggs, BHS,
Nando’s, Topshop and River Island.
Freehold.
The property is situated in Taunton town centre on the western side of North
Street. Nearby occupiers include Debenhams, Barclays Bank, Greggs, BHS,
Nando’s, Topshop and River Island.
Freehold.
The property comprises three retail units with first and second floor storage
accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises three retail units with first and second floor storage
accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|---|
| 6 | Ground First |
Retail Storage |
108.57 sq m 56.71 sq m |
(1,169 sq ft) (610 sq ft) |
SURRIDGE GALLERIES (TAUNTON) LIMITED (1) guaranteed by Tritan Galleries (Devon) Limited |
10 years from 15/01/2014 until 14/01/2024 (2) | £40,000 | 15/01/2019 |
| 6A | Ground First |
Retail Storage/Ancillary |
53.55 sq m 44.88 sq m |
(576 sq ft) (483 sq ft) |
LONDON CAMERA EXCHANGE LIMITED (3) |
years from 29/09/2011 | £31,150 | (28/09/2016) |
| 7 | Ground First Second |
Retail Storage Storage |
132.50 sq m 42.70 sq m 34.50 sq m |
(1,426 sq ft) (460 sq ft) (371 sq ft) |
IMPERIAL CANCER RESEARCH FUND (t/a Cancer Research UK) (4) |
5 years from 29/09/2011 | £41,300 | (28/09/2016) |
| Totals | 473.41 sq m |
(5,095 sq ft) |
£112,450 |
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(1) Surridge Gallery is a UK distributor of collectable limited editions and original paintings. (Source: www.surridgegallery.com 29/09/2014).
(2)The lease to Surridge Galleries (Taunton) Limited provides an option to determine on the fifth anniversary of the term.
(3) London Camera Exchange supplies camera equipment and trades from 28 branches in the UK. (Source: www.icegroup.co.uk 29/09/2014).
(4) Cancer Research UK is the world’s leading charity dedicated to cancer research with over 550 shops in the UK. (Source: www.cancerresearch.org 29/09/2014).
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