4 East Street & 5 Vine Flats Ilminster Somerset TA19 0AJ

4 East Street & 5 Vine Flats
Ilminster
Somerset
TA19 0AJ

Freehold Retail and Residential Investment

  • Ground Floor Let to Boots UK Limited
  • Includes three bedroom maisonette above let on AST
  • Nearby occupiers include Co-operative Supermarket and branches of Natwest, Barclays and Lloyds banks
  • VAT-free investment
  • Attractive Somerset Market Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    21
  • Auction
    30th March 2017
  • Rent
    £28,800 per Annum Exclusive
  • Status
    Sold
  • Price
    £388,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Ground Floor Let to Boots UK Limited
  • Includes three bedroom maisonette above let on AST
  • Nearby occupiers include Co-operative Supermarket and branches of Natwest, Barclays and Lloyds banks
  • VAT-free investment
  • Attractive Somerset Market Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 21
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £388,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles south-east of Taunton, 29 miles north-east of Exeter, 41 miles south-west of Bristol
Roads
A303, A358, M5 (Junction 25)
Air
Bristol Airport
Situation

The property is situated in a prime location on the southern side of East Street, Ilminster's principle retailing thoroughfare. Other occupiers on East Street include Cooperative Supermarket and branches of Natwest, Barclays and Lloyds banks. There is also a Tesco Supermarket about 100m from the property, which also provides car parking for approximately 250 cars.

Tenure

Freehold.

Location
Miles
12 miles south-east of Taunton, 29 miles north-east of Exeter, 41 miles south-west of Bristol
Roads
A303, A358, M5 (Junction 25)
Air
Bristol Airport
Situation

The property is situated in a prime location on the southern side of East Street, Ilminster's principle retailing thoroughfare. Other occupiers on East Street include Cooperative Supermarket and branches of Natwest, Barclays and Lloyds banks. There is also a Tesco Supermarket about 100m from the property, which also provides car parking for approximately 250 cars.

Tenure

Freehold.

Description

The property comprises a ground floor shop with a self-contained three bedroom maisonette on the first and second floors. Boots occupy the adjoining property at 6 East Street which does not form part of the sale.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with a self-contained three bedroom maisonette on the first and second floors. Boots occupy the adjoining property at 6 East Street which does not form part of the sale.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground
Retail/Ancillary
175.12 sq m
(1,885 sq ft)
BOOTS UK
LIMITED (1)
10 years from 17/12/2010 until 16/12/2020
£22,500
First/Second
Residential
Three bedroom maisonette with
kitchen and bathroom
AN INDIVIDUAL
AST for 6 months from 28/02/2015 (Holding
Over) at a monthly rent of
£525
£6,300 (2)
Total  
175.12 sq m
(1,885 sq ft)
     

(1) For the year ending 31st August 2015, Boots UK Limited reported a turnover of £9,198,000,000, pre-tax profits of £542,000,000 and a total net worth of £367,000,000 (Source: Experian Group 28/02/2017).
(2) The rental income for the residential flat has been annualised.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    492 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    627 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Stephen Nelken 0207 935 3522sn@freemanssolicitors.net

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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