Comprises ground floor shop with separately accessed office on the upper floors
Prime position in town centre
Affluent Somerset Town
Nearby occupiers include Lloyds Bank, River Island, L'Occitane, Vodafone, TK Maxx and Shoezone
Lot 2
Auction 13th February 2025
Rent £22,000 per Annum Exclusive Rising to £23,000 in June 2025
Status Sold
Price £190,000
Sector High Street Retail, Office
Auction Venue Live Streamed Auction
On Behalf of SIPP Trustees
Property Information
Location
Miles
26 miles north-east of Exeter, 24 miles south of Weston-Super-Mare
Roads
A38, A3027, M5 (Junction 25)
Rail
Taunton Railway Station
Air
Exeter Airport
Situation
Taunton is a popular county town in Somerset. The property is prominently situated in the heart of Taunton town centre on the southern side of Hammet Street, adjacent to the Parade monument. Nearby occupiers include Lloyds Bank, River Island, L'Occitane, TK Maxx, Vodafone and Shoezone.
Tenure
Freehold.
Location
Miles
26 miles north-east of Exeter, 24 miles south of Weston-Super-Mare
Roads
A38, A3027, M5 (Junction 25)
Rail
Taunton Railway Station
Air
Exeter Airport
Situation
Taunton is a popular county town in Somerset. The property is prominently situated in the heart of Taunton town centre on the southern side of Hammet Street, adjacent to the Parade monument. Nearby occupiers include Lloyds Bank, River Island, L'Occitane, TK Maxx, Vodafone and Shoezone.
Tenure
Freehold.
Description
The property comprises a ground floor shop with separately accessed office accommodation on the upper two floors.
VAT
VAT is applicable to this lot. It is anticipated the sale will be treated as a transfer of a going concern. Please see the Special Conditions of Sale
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with separately accessed office accommodation on the upper two floors.
VAT
VAT is applicable to this lot. It is anticipated the sale will be treated as a transfer of a going concern. Please see the Special Conditions of Sale
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First Second
Retail Office Office
85.30 59.50 52.80
(918) (641) (568)
CHARIS (1)
5 years from 08/06/2022
£22,000 Rising to £23,000 on 08/06/2025
8/06/2025 (2)
Total
197.60
(2,127)
£22,000
(1) CHARIS (Christian Help & Action For Refugees in Somerset) CN 1169400 settles refugee families in the Southwest of England through the UK Home Office Community Resettlement programme (www.chrisrefugees.org). (2) The lease provides for a fixed rental increase to £23,000 on 08/06/2025. The tenant will have the right to determine the lease at any time after the expiry of the third year subject to giving not less than six months prior written notice and full compliance of the lease terms.
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.
